…more trouble for conservative users, if Google News’s and Google execs’ campaign donations records are any indication. Here’s the official word on the buyout:
Google Inc. (GOOG) snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution. The all-stock acquisition unites one of the Internet’s marquee companies with one of its rapidly rising stars.
The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.
Although some cynics have questioned YouTube’s staying power, Google is betting that the popular Web site will provide it an increasingly lucrative marketing hub as more viewers and advertisers migrate from television to the Internet.
“We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers,” said Eric Schmidt, Google’s chief executive officer.
Flashback: Google’s Democrats
Google employees gave $207,650 to federal candidates for last year’s elections, up from just $250 in 2000 when it was still a start-up. And 98% went to Democrats, the biggest share among top tech donors, a new USA TODAY campaign finance analysis shows.
Flashback: Google News – Not so fair and balanced
Flashback: LGF – Google News turns us down againblog comments powered by Disqus
October 21, 2010 01:18 PM by Michelle Malkin
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