Google buys Youtube....

[Jonny]

For $1.65 Billion

Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.

The acquisition combines one of the largest and fastest growing online video entertainment communities with Google's expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.

[Aero]

thats semi-old news.

but more interesting than that, for some reason the guys that got the google shares are not allowed to sell them. whats the difference between share you cant sell and owning no shares?

i'm assuming this just means they will get a percentage of googles profits in relation to the percentage of google shares they own, otherwise they where screwed over by shares they cant sell lol

[Jonny]

would you give a toss about the shares if you had 1.65 billion?

[Aero]

thats the point its 1.65 billion worth of shares they cant sell, if you cant sell it you have something worth 1.65bn but it cant be converted into money, ie its pointless

so in the event that they wern't getting paid from googles profits (which is a factor in some shares deals) then it would be totally pointless... here have this highly expensive inatimate object that cannot be sold.... pointless.

but i'd assume that it is profit-share

[Thom]

The share-holders would earn dividends on their shares every year, assuming the company stays profitable.