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I remember people saying the same thing about the YouTube acquisition. At the time, it was very difficult to see how YouTube could possibly be valuable to Goog
by sillysaurus2 13y ago
I remember people saying the same thing about the YouTube acquisition. At the time, it was very difficult to see how YouTube could possibly be valuable to Google. Everyone knew that videos were a solved problem: use Ares to download them, and DivX to watch them. And the purchase price was something like 800 million. 800 million?! What a sucker Google was!
What a bargain 800 million was in hindsight. And what a monumental effect the acquisition had.
It's hard to predict whether this acquisition could be on the same scale. But considering the space, it may very well be.
- alasano 13y agoI believe it was 800 million per founder.
- stevenj 13y agoGoogle bought YouTube for $1.65 billion in 2006. http://googlepress.blogspot.com/2006/10/google-to-acquire-youtube-for-165_09.html http://googlepress.blogspot.com/2006/10/google-to-acquire-yo...
- mdpane 13y agoIt was double that, actually: $1.65 billion. But the point remains valid, that was some incredible foresight on Google's part, even if everyone at the time thought it was a ridiculous amount.
- walshemj 13y agoNo you can very obviously sell advertizing on you tube which fits with Googles business