By Thilak October 10, 2006

YouTube now in the hands of Google

The official word is out, Google finally acquired YouTube for $1.65 billion. After completing the acquisition YouTube’s name will be retained and the will continue to live in San Bruno, CA will all its employees.

Why YouTube when they have Google Videos ?
Eric Says “Google Video is doing very well, integrating inside of Google, while YouTube was clearly winning the marketplace in social networking. Drummond says it is a stock transaction to be tax-free for YouTube shareholders, and somewhat cheaper for Google. He’s glad that YouTube shareholders want to be Google shareholders.”

I guess this acquisition will improve YouTube in several ways because now they have good financial backup by Google, but at the same time it will create Google’s monopoly over Video Sharing segment.  

Earlier today I got my Soapbox (Microsoft’s Answer to YouTube), I didn’t try it yet. Let’s just wait and see what both of these giants have to offer in the near future.

Technorati tags: , ,

Related Posts that you may like:

Discussion

Comments for “YouTube now in the hands of Google”

blog comments powered by Disqus

Welcome to TechBuzz

TechBuzz is a technology blog read by 3000+ readers every day. We regularly write about new trends in technology, useful computer application and new web services. If you are new here, please subscribe our feed or opt for email updates to get new articles to your inbox.

Free Daily Updates

You can get fresh daily articles delivered straight to your feed reader or email inbox. Please subscribe to our RSS feed or opt for our free newsletter

Recent Posts

Google’s Chrome Tablet Concept Revealed
February 3, 2010
By Thilak
Ixquick. Ixquick allows users to surf the web with complete privacy. It let’s users surf the world wide web safely without revealing any personally identifiable or private information to the websites being viewed.

Ixquick is a free service which provides complete anonymity to the user enabling the user to surf the internet anonymously and safely. They claim it to be world’s most private search engine.

Surf The Internet Anonymously With Ixquick!

Surf The Internet Anonymously With Ixquick!
January 28, 2010
By Meghan
Apple iPad Unveiled
January 28, 2010
By Meghan
Happy New Year!
January 1, 2010
By Meghan
WordPress Version 2.9 Is Out!
December 19, 2009
By Meghan