www..marketwatch.com GOOG 413.61, +1.80, +0.4%) is in talks to acquire video-sharing Web site YouTube Inc. for about $1.6 billion, according to a media report on Friday. The discussions are still at a "sensitive stage", the Wall Street Journal reported on its Web site, citing a person familiar with the matter. The existence of the talks was reported earlier today on the TechCrunch blog, the Journal reported.
And to think this company was started in February 2005. I would take the money and run, no need to wait. Yahoo offered Facebook $900 million dollars, the 22 yr old wanted $2 billion for his website, go figure. Is $900 Million not enough. If youtube was smart they would sell out to google as soon as possible. However I dont think the deal is real enough.
im sorry but mark cuban has already decided youtube is destined for failure. (also fixed your link) http://www.marketwatch.com/news/story/Story.aspx?guid={40574FEE-23BF-4A98-BA56-37AFC82FBA84}&siteid=
Wow 900 million ... geez ... I remember when hotmail sold to MSFT for 400 million (and it was started by some college kids err I think). I saw something posted about how 90% of utubes content is copyrighted. I think it's pretty dangerous to spend 900 million or 1.6 bil on a company like that (really surprised noone has shut that company down yet). I mean if the movie industry and record industry go after kids and grandmas that download a song and fine them from 2k-250k what's with letting a website freely use copyrighted stuff? I check out utube also and I dont think 90% is copyrighted although just from a guess I would say maybe 20% is ... still ... my 2 cents