Google to buy YouTube for $1.6 billion?

Posted on Friday, Oct 06 2006 @ 13:11 CEST by Thomas De Maesschalck
Looks like a lot of interesting acquisition rumours are prancing around the web these days.

Earlier this week there were rumours that Intel may acquire NVIDIA and now TechCrunch writes there's a rumour that Google is in talks with YouTube about a possible acquisition for $1.6 billion.
I got an email tonight about a possible Google acquisition of YouTube that may be in the final stages before closing. Rumored price is $1.6 billion. A quick phone call to a VC confirmed that the rumor is circulating (he also confirmed the price), but that is far from confirmation that this deal is happening. I’m digging for more but the source on this one is very good.
The writer of the article says the probability of this rumour is like 40%.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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