YouTube, Google Deal Closes
By: Andy Beal
TechCrunch has news that Google's closed the acquisition of YouTube. The final deal appears be worth $1.775 billion.
Links: TechCrunch has news, closed the acquisition of YouTube
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.
Tag: Google, YouTube
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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].
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