After the stock market closed today. Youtube and Google announced the deal. Youtube will be run as with some autonomy.
The deal was for $1.65 billion in stock. The deal will close in the fourth quarter of this year. At current valuations, this will add around 4 million more shares to GOOG's float. With current projections that will take about $.04 out of the EPS.
Will it be good for GOOG?
Only time will tell. As I said in the previous post, I believe it was a deal that GOOG had to make.
Good luck investors
Monday, October 09, 2006
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