Google Closes YouTube Acquisition
14th Nov 2006, 06:40 GMT
Google announced today that they have completed the previously announced acquisition of YouTube. 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. Based on today’s closing price of $481.03 per share, the deal is already worth $1.775 billion to YouTube’s shareholders. Crunch Network : CrunchBoard because it’s time for you to find a new Job2.0 Google, YouTube Tags: techcrunch, web2.0, web_2.0
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