Last weeks hot High Tech rumor involved Google buying YouTube. Well it is rumor no more, it is fact.
Google apparently is paying $1.65bn for the less than 2 year old web site that serves video content over the internet.
I see some real issues in this move. I like Google, I very much like their ‘go get it’ attitude, but this may be a move that they will regret. I would not be suprised if more that a few ‘Googlers’ are sat in bars right now discussing how the company might want to change its corporate motto to “Done Evil”.
How Google are going to deal with the less than sparkling copyright recognition policy that YouTube employ is going to be interesting to follow.
It is not a question of who will litigate, it is more a question of how fast can a hungry lawyer get a suit put together.
I will bet there are thousands of ‘starving’, ‘ambulance chasing’ lawyers who are pounding away on their word processors and salivating on their keyboards as I write this article.
Simon Barrett
4 users commented in " Let The Litigation Begin "
Follow-up comment rss or Leave a TrackbackWell, it appears that this is a good sale but sometimes the problem when one big company gobbles up another is that the buyer also ends up answering for the liabilities of the company being sold.
The buy out may also be manifested by the fact that Google wanted to try other ventures. Expansion is not bad. Google company executives for sure had weigh the consequences.
It’s good to watch when giants clash and the victor reaps the spoils of war. Let’s just hope this buyout will produce good results.
Man, $1.65bn that a lot of money, I like Google, and it every where, how much employees that Google might have now?
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