Posted: October 10, 2006/Under: Freebies & Deals/By: My Digital Life Contributor

It’s official. Say hello to Chad and Steve, the worlds newest millionaires. Web-search giant Google has acquired YouTube for roughly $1.6 billion. The acquisition of YouTube makes Google the 500 gorilla of online video. And that’s a perfect place to be at a time when consumers are rapidly increasing the amount of time they spend viewing video clips online, and Internet video advertising is booming.

Thank goodness Rupert Murdoch didn’t buy YouTube.

methodshop

Share This Post