It's BACK !!!! Irrational Exuberance in the Dot Com WORLD -
Look at these prices for You Tube and Facebook -
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Google ‘among suitors pursuing YouTube’
By Kevin Allison and Richard Waters in San Francisco and Aline Van Duyn in New York
Published: October 6 2006 21:56 | Last updated: October 6 2006 23:58
YouTube, the fast-growing video website, has received a flurry of takeover offers in recent days from suitors including Google, the web search specialist, say people close to the company.
The wave of interest comes on the heels of reports that Yahoo, a Google rival, had offered to buy Facebook, a social networking site geared towards university students, for $1bn.
“There have been a lot of offers,” said a person close to YouTube, with bids in the range of $1.5bn to $1.6bn.
Google and YouTube declined to comment.
News Corp, which last year bought social networking site MySpace.com for $580m, has looked “very closely” at YouTube in recent weeks, according to people familiar with the discussions.
However, they said the media group decided not to make an offer for YouTube because of a $1.5bn minimum price tag being demanded by YouTube’s backers, and because News Corp had decided it could develop YouTube’s features on MySpace. News Corp declined to comment |
