YouTube founders reaped fortunes from sale to Google
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YouTube founders received more than a half-billion dollars in Google stock when the search engine bought the video-sharing website last year, regulatory documents revealed.
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The two co-founders of Google each plan to sell as many as 7.2 million shares of their stock during the next 18 months, giving them more than $1 billion apiece at current prices.
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The two co-founders behind YouTube received Google stock valued at about $650 million, according to a regulatory filing made with the US Securities and Exchange Commission Wednesday, while Sequoia Capital, the VC firm that backed YouTube walked away with around $450 million.
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The biggest windfalls went to YouTubeâs three founders and its main financial backer, Sequoia Capital.
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DAVOS, Switzerland -- Chad Hurley, co-founder of YouTube, said Saturday that his site will start sharing revenue with its millions of users.
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Similarities between Googleâs acquisition of YouTube and Rupert Murdochâs bid for Dow Jones show why both deals make sense to them alone.
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Web search leader Google Inc.   GOOG.O is in talks to buy YouTube Inc., the world's leading   Web site for video entertainment, for close to $1.6 billion,   the Wall Street Journal reported on Friday, citing a person   familiar with the matter.
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Internet search leader Google Inc. is in talks to acquire the popular online video site YouTube Inc. for about $1.6 billion in cash and stock, according to published reports.
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Google founders Larry Page and Sergey Brin have announced plans to sell millions of shares in the web search company they launched in 1998.
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YouTube's founder says people who upload their own videos to the site will get a share of the ad revenue.
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Company that played a pivotal part in YouTube's rapid rise is pulling out of a promotional deal so it can boost prospects of own video site, Hulu.com.
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TAIPEI, Taiwan - YouTube co-founder Steve Chen said on Saturday consumers in many parts of the world will have access to the popular video-sharing Web site on their mobile phones by next year.
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(InfoWorld) - Google Inc. is in discussions to acquire YouTube Inc. for about US$1.6 billion, although the deal is far from done and the talks could collapse, The Wall Street Journal reported on Friday, citing an unnamed source familiar with the matter. Google's reported interest in YouTube would reflect a sense of urgency on the part of the search engine giant to improve its position in the red-hot online video market. Google entered the market in early 2005, at about the same time YouTube was founded. But so far the success has gone to the scrappy startup, not Google. In September, YouTube nabbed almost 46 percent of all U.S. visits to video Web sites, while the video section of News Corp.'s MySpace.comÂ came in second with 21.2 percent, according to Hitwise Pty. Ltd. Google Video came in third with 11 percent, followed by Microsoft Corp.'s MSN Video with 6.8 percent and Yahoo Inc.'s Yahoo Video with 5.6 percent. YouTube, in typical startup fashion, approached the market aggressively, opening up their service to anyone wanting to upload their videos, and quickly became a phenomenon. It embraced tagging and sharing features, creating the most popular online video community. Meanwhile, Google took a much more conservative approach, at first only featuring videos obtained through formal agreements with professional production houses. Consequently, users had to pay to view many of the videos in the catalogue. Months later, it added an upload feature for regular users, but closely policed submissions. It wasn't until recently that it opened wide the service's door and added tagging and sharing capabilities. Yahoo, Microsoft and AOL LLC are also playing catch-up to YouTube, whose model these large Internet companies are adopting. Google, Yahoo, Microsoft and AOL need a strong position in this market, due to the increasing popularity of online video. Collectively, traffic to the top 10 video Web sites increased 164 percent between February and May of this year, according to Hitwise. As traffic to online video sites increases, so does the interest of advertisers, who in turn generate most of the revenue for Google, Yahoo, Microsoft and AOL. For many years, online video remained an unfulfilled promise, hobbled by high broadband prices, inferior image quality and reluctance by TV networks and film companies to put their shows and movies on the Web. However, in the past 18 months, video on the Web has gained momentum, helped by a critical mass of users with broadband access, improved quality and a willingness by production companies to distribute their films and programs online. Neither Google nor YouTube immediately responded to requests for comment.
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The biggest windfalls went to YouTubeâs three founders and its principal financial backer, Sequoia Capital.
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MOUNTAIN VIEW, Calif. -- The investors and founders of online video Web site YouTube received hundreds of millions of dollars in Google shares as a result of the deal between the two companies late last year, according to new documents.
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Goes back to its roots Google has gone back to its roots and, in the style of HP, has bought the house and garage in which founders Larry Page and Sergey Brin first established the company. The company has not said how much it paid for the property.â¦
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The initial public offering of Internet search engine Google Inc. (GOOG.O) was billed as a bonanza for millions of U.S. investors -- but the little guy, with check in hand, was left out of the party.