Geek News: Latest Technology, Product Reviews, Gadgets and Tech Podcast News for Geeks

Google pays 1.65 Billion for YouTube!

Posted by todd at 4:54 PM on October 9, 2006

Google

My good friends 1.65 Billion is an amazing amount of money? Talk about the venture firms and creators of the site cashing in this is defnitley the deal of the year. We all know Video has been hot but wow. It will be interesting to see how they get their money back on this one. [CNN]

2 Comments

  1. From lapidary at 8:58 pm on October 9, 2006

    no, no! say it ain’t so!

    with all the smart people over there, they must have a good plan in mind… right?

  2. From ainanet at 1:15 am on October 10, 2006

    It was a stock trade not money. But just as good as money in my book!! Hmm… to start a video/social/podcast/network and sell it to Microsoft…???? LOL

    ET