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.

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This post was published by on October 10, 2006

About the Author: Thilak Rao works as a Social Media Expert. He is one of the first professional bloggers from India, and he loves to write, travel and click photos. Follow him on Twitter @thilak

  • http://digged.wordpress.com/2006/10/10/youtube-now-in-the-hands-of-google/ YouTube now in the Hands of Google « Digged Stories

    [...] read more | digg story [...]

  • http://www.devforge.net/~arjun/ Arjun

    good news:)

  • http://tech-buzz.net/2007/01/26/google-reveals-its-plans-for-google-videos-and-youtube/ Google Reveals its Plans for Google Videos and YouTube

    [...] When Google acquired YouTube last October, We were bit confused on how the company will manage two video sharing sites simultaneously. Some speculated that Google Videos might end. Google has now revealed that Google Videos will be transformed into a video search index and YouTube will continue to be a video sharing site. From now on, Google Videos will should results from YouTube. Eventually, Google Videos will index all video hosting sites. Google Blog writes: Google search results already include links to content that’s hosted on YouTube. Starting today, YouTube video results will appear in the Google Video search index: when you click on YouTube thumbnails, you will be taken to YouTube.com to experience the videos. Over time, Google Video will become even more comprehensive as it evolves into a service where you can search for the world’s online video content, irrespective of where it may be hosted. [...]