I just read the press released from yahoo news about the internet Giant, Google buy over YouTube, the leading video sharing portal in the internet. Seems like what the rumors in the last 2 days confirmed the purchase.

It came just a few hours after YouTube unveiled three separate agreements with media companies to counter the threat of copyright-infringement lawsuits.

Discussion has been going on online after this news released just 1 hour plus ago. Most of the discussion topics centre around “What is the new name for YouTube? Will it remain as YouTube or GooTube??”, “Will the co-founder of YouTube, Chad Hurley and Steve Chen remains in the company?”, “The copyright issues - What about the settlement of current copyrights and lawsuit issue?”

Both YouTube and Google have the common investors. This could be the part of the reason why this deal concluded so fast (about one week in negotiation).

The two companies even share a common financial bond: Sequoia Capital, an early Google investor that owns a roughly 30 percent stake in YouTube. Menlo Park-based Sequoia remains a major Google shareholder and retains a seat on the company’s board — factors that might have helped the deal come together after just a week of negotiation.

You can read the full report here.

What do you think? Do leave your feedbacks on this here.

[tags]Google, YouTube, business, business-news[/tags]
[dels]Google, YouTube, business, business-news[/dels]

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