Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
Google

Journal hawridger's Journal: Google Puts $200k in Reserve for Future YouTube Liabilities

Way to plan ahead Google.

Mercury News reports

Google Inc. has set aside more than $200 million in its just-completed takeover of YouTube Inc. as a financial cushion to cover losses or possible legal bills for the frequent copyright violations on YouTube's video-sharing site.

Without elaborating in a late Monday statement, Google said it is withholding 12.5 percent of the stock owed to YouTube for one year ``to secure certain indemnification obligations.''

How about a filesharing app now Google?

This discussion has been archived. No new comments can be posted.

Google Puts $200k in Reserve for Future YouTube Liabilities

Comments Filter:

FORTUNE'S FUN FACTS TO KNOW AND TELL: A black panther is really a leopard that has a solid black coat rather then a spotted one.

Working...