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Google Acquires YouTube for 1.65 Billion

Posted on 10 October 2006 by Tommy

Google
As of last night it has been confirmed that Goole has closed a deal to acquire YouTube. In their largest acquisition to date, Google drops $1.65 billion in an all stock transaction. YouTube’s 65 employees will remain with the company at YouTube’s San Bruno headquarters. Google hosted a conference call and webcast to discuss the deal. A recording of the call can be found here. Congrats to You Tube (one of my favorite site), Keep up the great work guys!

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