Comment Re:This was a brilliant purchase (Score 1) 208
Google paid 1.5% of the company in stock to purchase YouTube. Google stock jumped 5% on the news. Purchasing YouTube resulted in a profit for Google.
"The number of Google shares to be issued in the transaction will be determined based on the 30-day average closing price two trading days prior to the completion of the acquisition. Both companies have approved the transaction, which is subject to customary closing conditions and is expected to close in the fourth quarter of 2006." - Google's Press Release
"The number of Google shares to be issued in the transaction will be determined based on the 30-day average closing price two trading days prior to the completion of the acquisition. Both companies have approved the transaction, which is subject to customary closing conditions and is expected to close in the fourth quarter of 2006." - Google's Press Release
