Google-Youtube deal announced





Google announced its acquisition of Youtube after the market closed today in a stock purchase valued at $1.65 billion. I’ve outlined why I thought this is a good purchase for all parties involved in the previous post.

The fallout with this purchase is that Yahoo will most likely speed up its courtship of Facebook, which is the next biggest Web 2.0 site that is available on the market. The Google-Youtube deal, however, does give Facebook more leverage in its negotiations with all suiters. Expect Yahoo to announce its purchase of Facebook soon, and at a higher price than the $1 billion that has been mentioned recently.

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