Tuesday, October 10, 2006
Google Buys YouTube, Sony and Universal Offer Music Videos
Didn't we see this coming? Premier video sharing site YouTube has been bought by Google. The site, which was started by two twentysomethings in a garage, went for $1.65 billion, in a move many say is reminiscent of the dot-com boom of the 90s. Earlier that day, record labels Sony and Universal both announced deals they had made with YouTube to share music videos via the website. Apparently, the internet killed the video star.
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