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9 Oct, 2006

Google buys YouTube

Chad HurleyGoogleYouTubeAcquisition0 Comments

Google has recently purchased a majority (more than 50%) of YouTube for $1.65 billion. All 67 of YouTube’s employees kept their positions. Chad Hurley, co-founder of YouTube, says:

I’m confident that with this partnership we will have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide.

A Message From Chad and Steve

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