Google Closes YouTube Deal
14th Nov 2006, 18:55 GMT
TechCrunch has news that Google’s closed the acquisition of YouTube. The final deal appears be worth $1.775 billion and the YouTube founders get $15 million in cash, to buy their Ferraris now. The final price included $15 million in cash, 3,217,560 shares of Google Class A Common Stock, along with an additional 442,210 shares of restricted stock and warrants. The number of shares was determined by dividing the acquisition price, $1.65 billion, by an average value of Google stock over the last thirty days (this is a standard way of handling public company acquisitions). 12.5% of the stock is being held in escrow for one year. I’m surprised this deal closed so fast. I would have thought they would have dragged out the deal a little longer to see how many law suits came out of the woodwork. Google must have a lot of faith in their ability to settle any copyright claims.
Google Closes YouTube Deal related news:
- Google, YouTube Deal Closes at $1.775 Billion — BetaNews.Com
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- Google hedges against lawsuits as it closes deal to buy YouTube (AFP) — Yahoo! News: Internet News
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