How much was YouTube purchased for?

Google purchased YouTube for $1.65 billion nearly 15 years ago. It has been a tremendous success for parent company Alphabet, now contributing nearly 11\% to overall revenue.

When did Google acquire YouTube?

October 9, 2006
Press Release. MOUNTAIN VIEW, Calif., October 9, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction.

Who purchased YouTube?

Google
Google announced this afternoon that it would buy YouTube, the popular video-sharing Web site, for stock that it valued at $1.65 billion. Google beat out a number of other YouTube suitors, including Microsoft, Viacom, Yahoo and the News Corporation.

Is YouTube a subsidiary of Google?

SZS Tech Private Limited
FameBitBandPageDirectr, Inc.
YouTube/Subsidiaries

Why did Google buy YouTube?

Update: Google did, in fact, purchase Youtube for 1.65 billion dollars in October of 2006. With their experience in copyright law as it pertains to the scanning and uploading of protected materials, one might imagine that Google would acquire YouTube just to keep their legal team busy for the next two or three years.

What was YouTube before Google bought it?

In 2005 the American search engine company Google Inc. had launched a video service, Google Video, but it failed to generate much traffic, and Google was prompted to purchase YouTube for $1.65 billion in stock in November 2006. Rather than merging the Web sites, however, Google continued YouTube’s operation as before.

How did Google acquire YouTube?

On October 9, 2006, it was announced that the company would be purchased by Google for US$1.65 billion in stock, which was completed on November 13. The agreement between Google and YouTube came after YouTube presented three agreements with media companies in an attempt to avoid copyright-infringement lawsuits.

What is the value of YouTube?

How much is YouTube worth today? Google acquired YouTube for US$1.6 billion back in 2006. We estimate YouTube to be worth up to US$170 billion in 2020, delivering Google a +100x return in under 15 years.

Why did Google take over YouTube?

One of the key reasons why Google acquired YouTube was to get into the business of video sharing. This is an idea the company had tried and tested with Google Videos, and it had failed. It was therefore an easy choice for the company to purchase YouTube which at the time was doing a very good job at video sharing.

How much is YouTube worth today?

YouTube is Worth $500 Billion. Google is valued at $1.6 trillion dollars in market capitalization.

Was the YouTube acquisition good or bad for Google?

Yes. The YouTube acquisition was good for Google. YouTube is a very strategic asset for Google to own. It makes the core Google search product better by giving Google more data about which videos are most relevant to Google queries. It also captures significant search share as its own search portal.

Is YouTube really worth $160 billion?

If YouTube’s $160 billion valuation is accurate it could account for more than one-fourth of Google’s total value. The valuation estimate also sets YouTube’s worth as greater than a number of business giants.

When did YouTube become owned by Google?

YouTube entered into a marketing and advertising partnership with NBC in June 2006. On October 9, 2006, it was announced that the company would be purchased by Google for US$1.65 billion in stock, which was completed on November 13.

What is the value of YouTube content?

At the time when Google acquired Youtube, it was clear that video would become one of the most valuable forms of content (Mary Meeker forecasts that 74\% of all Internet traffic will be video by 2017; YouTube: 1 Billion Viewers, No Profit ) See Google’s own page on the scale and relevance of Youtube content: Statistics – YouTube .