Breakfast at Tiffany's – Because I Do Not Know

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Breakfast at Tiffany's

Jake McCafferty

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A Billion Here, A Billion There ...

And pretty soon we're talking about real money.

Internet search leader Google is snapping up YouTube for $1.65 billion, brushing aside copyright concerns to seize a starring role in the online video revolution.

The all-stock deal announced Monday unites one of the Internet's marquee companies with one of its rapidly rising stars. It came just a few hours after YouTube unveiled three separate agreements with media companies to counter the threat of copyright-infringement lawsuits.

The price makes YouTube Inc., a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history. Last year, Google spent $130.5 million buying a total of 15 small companies.

Yes, resistance is futile ... you will be assimilated. We'll just sit here and await the outcry of monopolies like we heard when, say, oil companies begin gobbling each other up.

We have a feeling we'll be waiting awhile.

3 comments Jake McCafferty last posted at 9:06 PM
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3 Comments:

Jeez, I wish Google would buy me. I'm just as unprofitable as YouTube!

By PJS, at 11:28 AM

the purchase is like an implicit admission that google video was failing...

By kinkyrhombus, at 7:12 PM

I think "being Googled" may take on a whole new meaning then PJS.

Kinky, I didn't even know there was such a thing as Google Video -- so I have to say you're right!

By Jake McCafferty, at 9:34 PM