Will Google Pay $1,6 Billion for YouTube?
Wall Street Journal reports Google is negotiating with YouTube to buy it for $1.6 billion.
“It’s damn cheap for a company that already has a global presence,” said Trip Chowdhry, an analyst with the San Francisco-based Global Equities Research. “YouTube’s brand identity is no less than Google’s and is no less than Coke’s.”
Story adds:
The discussions are the latest evidence of a land grab underway by Internet and media companies looking to extend their reach on the Web. Yahoo Inc. and other technology and media companies have held discussions about acquiring social networking site Facebook Inc. for amounts in the range of $1 billion or higher, say people familiar with the matter. News Corp. spent $650 million to buy MySpace last year.
Of course, I must ask do my three videos at YouTube add to the worth? They have been viewed a total of 300 times.
