Tuesday, October 10, 2006

Google bought YouTube for $1.65B!

That’s it, despite all the arguments against this deal and although many experts and analysts stated such a deal is impossible it is fact and has just been confirmed. It represents $1.65B paid all in stock deal. In a post from yesterday we just said that such a deal is most likely to happen and as it seems it is fact today. According to the deal terms and amount Sequoia which was among YouTube’s first funders is going to receive from the acquisition approximately $480M and the YouTube’s founders Chad Hurley, Steve Chen, and Jawed Karim each stand to make between $100 and $200 million from the deal. It is pretty good deal.