Oct 09
Google announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos online, for $1.65 billion in a stock-for-stock transaction.
When the acquisition is complete, YouTube will retain its distinct brand identity, strengthening and complementing Google’s own fast-growing video business. YouTube will continue to be based in San Bruno, CA, and all YouTube employees will remain with the company. With Google’s technology, advertiser relationships and global reach, YouTube will continue to build on its success as the world’s most popular source for videos.
