Word on the street (WSJ) is that Google is in talks to buy YouTube for about 1.6 billion. This will be Google’s largest acquisition to date. Not bad for the YouTube guys, considering they’re just about a year and half old (Feb 2005). Looks like Mark Cuban will have to eat his words.
via Drudge
Apparently YouTube is getting ready to be sued into oblivion. At least that’s what Mark Cuban believes. According to Reuters,
“There is a reason they haven’t yet gone public, they haven’t sold. It’s because they are going to be toasted,” said Cuban, who has sold start-ups to Yahoo Inc. and CompuServe.
Dang! I was just starting to like YouTube. One minute they’re the fastest growing video sharing site in the world and the next minute they’re a burned up piece of bread from yesterday’s breakfast.
I actually think there’s potential to find a way to keep the irreverent and diverse user-generated content while still making peace with copyright holders and even welcome more commercial entities.
Well here’s hopin’ Cuban is just showboatin’ and the zany world of YouTube keeps growing and shocking.
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