RSS Search

 News  Feeds  Tags  Search Shortcuts

FeedsFarm.com > Google-YouTube: It’s Official; $187.5 Million For Indemnification

Google-YouTube: It’s Official; $187.5 Million For Indemnification

15th Nov 2006, 01:26 GMT

The Google-YouTube deal is done and shares worth $1.50 billion or so have been issued. Approximately $15 million was withheld to cover the amount of funding Google gave YouTube between the Oct. 9 announcement and the closing. Release. The stock breakdown: an aggregate of 3,217,560 shares, and restricted stock units, options and a warrant exercisable for or convertible into an aggregate of 442,210 shares, of Google’s Class A common stock. The price was based on the average for the 30 trading days closing Nov. 9. From the fine print: 12.5 percent of the equity issued and issuable is subject to escrow for one year to secure certain indemnification obligations. Based on the $1.5 billion amount, that should be about $187.5 million. Reuters: Google chairman and CEO Eric Schmidt was asked at Stanford Saturday if this deal is an example of a new stock market bubble. Schmidt pointed to YouTube’s singular status as the only new gen company to be acquired for more than $1 billion: “If there is a new bubble I don’t think a single acquisition is a talisman of that. Before you call it a bubble why don’t you look for a trend?” Related: 10K Watch: Google Amends YouTube Deal Subtly; Could Be For Upfront Content Payoffs -- Google And YouTube’s History With Video, Through Links

View full story at feeds.feedburner.com

Google-YouTube: It’s Official; $187.5 Million For Indemnification related news:

Latest news from PaidContent: