tedsta.com >> tedy

so the big news of the day is the recent price tag of US$1.5b that Google paid in acquiring YouTube. There has been rumours for the past month or so that this was imminent. On one side, YouTube is strapped of cash but with 50% market share of online video while Google has enormous resources and lagging behind YouTube.

So, it all makes sense? Doesn’t it? With about US$10b of lazy-idle-cash sitting in its warchest, what better way for Google to spend it?

See below for what the cofounders have to say about this recent development:

This entry was posted on Tuesday, October 10th, 2006 at 6:39 pm and is filed under current affairs, technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.