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Technology Stocks : Google - Moderated - Information and discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (185)	10/9/2006 1:18:25 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 348

This says its today. Google poised to acquire YouTube for $1.65 billion DEAL STILL AWAITS FINAL APPROVAL TODAY By Ryan Blitstein Mercury News The rumored $1.65 billion marriage between tech giant Google and video-sharing upstart YouTube might be announced as early as today. Citing sources close to weekend-long talks, the New York Times Web site reported the boards of the two companies were scheduled to approved the deal later today, with an announcement possible after the market closes. Both YouTube and Google this morning also announced separate revenue-sharing deals with major entertainment companies, including CBS, Sony BMG Entertainment, Universal Music Group, and Warner Music Group. The partnerships will allow YouTube and Google Video users to watch music videos and other media for free, with advertising revenue to be shared between the video site and the content's copyright owner. They're similar to an earlier agreement between YouTube and Warner. The licensing deals may help quell concerns over copyright violations that have scared other buyers away from YouTube, and provides some validation for such a high price for a company founded less than two years ago. A spokeswoman for Google declined to comment on a potential acquisition, and YouTube could not be reached. The possible deal was first reported last week by the TechCrunch blog and could still fall apart. Viacom, News Corp., Microsoft and Yahoo are also said to be interested in the San Mateo start-up. mercurynews.com

To: Lizzie Tudor who wrote (185)	10/10/2006 6:28:32 PM
From: KeepItSimple	Respond to of 348

As you are well aware, the last time VCs abused their power and influence to make large public companies start overpaying for small private companies- was at the top of the first dot.com bubble. The executive staff/VCs of infospace, yahoo, ebay, amazon, or whatever existing public company, would personally make equity investments into tiny 4 person private startups with no revenue and no profits. Then a few weeks later, the large public company where they yield influence would suddenly decide to BUY THE SMALL COMPANY at a massive over-inflated value. Most of the time, that smaller company's products were never integrated or even used. The employees never even bothered to stay at the large public company for more than a few months before retiring. Nobody could ever figure out why, at least in mainstream press. IT WAS ALL A SCAM. It's like microsoft buying bill gates' son's lemonade stand for 500 million dollars after gates invested 50 bucks into it for a 50% equity stake. Everyone would ask "why would microsoft want to buy a lemonade stand?" When the real answer is "because it lets microsoft insiders who just made the equity investment make a crapload of instant profit" Sequoia (google's single largest shareholder at one time) was also the largest shareholder of Youtube. You do the math. -------- I'm sure the deal will be announced in the next few weeks. Youtube has infrastructure problems and monetization issues. GOOG needs the video traffic. They both have the same VCs, its a match made in heaven.