The rumors are all over the place (no fewer than twenty-five entries on techmeme today), but the AP reported a few minutes ago that YouTube was acquired for $1.65 billion.
The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.
Holy cow, color me stunned. I am blown away by this. I had just finished reading Mark Cuban’s weekend post on the topic, and really didn’t think it was going to happen. Congrats to Hurley and his team – job well done.
Can the GreedTube guys do it too, ya think?
Hate to say it, but it DOES make sense. I’ll have to read Mark’s write up, but even the price is starting to make sense. Now SKYPE, no ff.in way does THAT makes sense
Well, I guess it’s profitable now!