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YouTube For Sale? October 7, 2006

Posted by greentreadmill in video, YouTube.
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Today’s several sources, including the New York Times and Wall Street Journal are reporting that Google is in talks to acquire YouTube. An offer of $1.6 billion is apparently on the table, even though the video sharing service is not yet turning a profit. It’s another example of the big media companies gobbling up the best of the Web 2.0 applications. It follows on News Corporation’s recent purchase of MySpace.

The Times report is at http://www.nytimes.com/2006/10/06/business/07youtubecnd.html?hp&ex=1160193600&en=eb421a8478660f0b&ei=5094&partner=homepage

A BBC report is at: http://news.bbc.co.uk/2/hi/business/5414432.stm

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