It’s official, Google buy YouTube for $1.65bn
Google buy popular video sharing website YouTube for USD1.65 billion. [ZDnet]
Yahoo and MSN have also been linked to YouTube, but it’s Google that edged out the competitors and take control of the online video sharing market.
It will take some real expert to evaluate the Return on Investment (ROI) for the deal. The advantage of Google is that they have a well built advertising network in Google Adsense, and can start optimizing the ads revenue from YouTube straight away.
The co-founders of YouTube, Chad Hurley and Steve Chen will probably celebrate the sales profit they made. That’s a huge profit for a website that launched for just 20 months.