Youtube deal - $1.65bn + tip Tuesday, November 14, 2006
Google announced early Tuesday that its acquisition of video sharing site YouTube has closed. The mostly stock deal was initially priced at $1.65 billion, although at Monday's closing price of $481.03 per Google share, YouTube walked away with $1.775 billion - $115m is a decent tip.
Wonder if the Youtube team had already locked in the price and sold a CFD/Equity Swap at the original price, and missed out on the uplift? How annoying would that be when you've already picked up $1.65bn.
posted by John Wilson @ 8:19 AM Permanent Link
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