YouTube community worried by Google deal

By Jake Coyle in New York | Thursday, 12 October , 2006, 10:26

After landing a $1.65 billion deal to sell their video sharing Web site to Google Inc., the co-founders of YouTube did the obvious: They posted a goofy, unrehearsed video, thanking the YouTube community for its support. But the cameraman poses a question to Chad Hurley, 29, and Steve Chen, 27, that goes unanswered: "What does [the deal] mean for the user community?" In pictures: GoogTube—the new Internet keyword That's what thousands of YouTubers are wondering. Will YouTube 2.0 still have room for the bedroom video makers that created the site's billion-dollar identity? Or will the little guy be crowded out by advertising and corporate involvement?

Google to acquire YouTube in $1.65 billion deal

Google confirmed speculations and announced that it will acquire YouTube in an all-stock deal valued at $1.65 billion. The deal, announced shortly after market close on Monday, aims to combine "one of the largest and fastest growing online video entertainment communities" with Google's "expertise in organizing information and creating new models for advertising on the Internet."

In an initial statement, Google said that the combined companies will focus on providing a "better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience."

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IT GURU

Google tips

Google tips

Below are some basic tips as well as some secrets that can be used on Google to help improve your search results and find things you may have never thought of.

Group your search query to find better results. For example, if you're searching for computer help, you'll find better results if you search for an exact phrase by surrounding it in quotes: "computer help".