Bong Long Reader

A $1.65 billion deal that transformed the digital video landscape forever.

➤Google Bought YouTube for $1.65 Billion:
In 2006, Google purchased YouTube for $1.65 billion in stock, making it one of the most iconic tech acquisitions of the 21st century.
➤The Acquisition Was Finalized in November 2006:
The deal was announced in October 2006 and officially completed on November 13, 2006, after receiving regulatory approval.
➤YouTube Was Just Over a Year Old:
At the time of the acquisition, YouTube had only been live for 18 months, showcasing its rapid rise in popularity.
➤It Was a Stock-Only Deal:
Google did not pay cash—the entire $1.65 billion was in Google stock, offering YouTube’s founders a stake in Google’s future.
➤One of Google’s Largest Early Acquisitions:
At the time, it was Google’s biggest acquisition, underlining the company’s ambition to lead the online video space.
➤A Bold Investment in User-Generated Content:
Google saw YouTube’s potential as a user-driven platform, despite copyright concerns and limited revenue at the time.
➤YouTube Had Over 100 Million Daily Views:
Before the acquisition, YouTube was already handling millions of daily video views, showing early dominance in the video-sharing world.
➤The Deal Sparked Industry-Wide Attention:
The purchase was considered risky but visionary, and it inspired other tech giants to invest in media and content platforms.
➤The Investment Paid Off Massively:
Today, YouTube is worth hundreds of billions and generates tens of billions in annual ad revenue, far surpassing the original purchase price.
➤A Historic Deal in Tech Mergers and Acquisitions:
Google’s $1.65 billion purchase of YouTube is now seen as one of the best tech investments ever, helping define the future of online video.