Today, Google announced that they have agreed to purchase YouTube, the outrageously popular video sharing site, for $1.65 billion in stock. YouTube was nothing a year ago, and now this? Kudos on the nicely executed exit strategy guys. Now let’s see if Mark Cuban was right.
Michael Arrington at TechCrunch as posted his notes from the conference call with the press, announcing the deal. Basically a lot is still unknown, other than that Google Video will not be going away (why not!?) and that they are looking for ways to integrate YouTube with Google Search (duh).