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Eric Schmidt, the CEO of Google Inc. (NASDAQ:GOOG), made an appearance at the Web 2.0 Conference yesterday.
So why did he shell out $1.65 billion to buy YouTube? Might it be the market share? Technology? Strategic fit? A move into the next phase of advertising?
No. The reason from Schmidt: "Because we liked them."
The next big question: What about litigation exposure? Is it a problem? Did Google reserve $500 million for possible litigation?
Schmidt: No.
But he did admit that things were a bit "complicated." But, hey, he likes the company, right?
Finally, there was a question about Microsoft: might Google be going after the software giant's Office Suite?
This does seem like a reasonable question. After all, Google bought an online word processor, has built a spreadsheet and recently bought a collaboration tool, JotSpot.
Schmidt: No.
Huh? Is he kidding?
Tom Taulli is the author of various books, including the Complete M&A Handbook and operates InvestorOffering.com.
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Reader Comments (Page 1 of 1)
11-08-2006 @ 4:34PM
Google Chance said...
It seems Google want to make Video services of future. Video web will be more popular that TVs soon.
11-09-2006 @ 3:34PM
maryam said...
hi
I appreciate him and Google. I think it is a great company with an extraordinary business model. :)
12-15-2006 @ 11:30PM
Dr. S. Kaniadakis a/k/a Ametex Medical said...
"Did you know" that this saga might continue, de ja vue? Just wait until you find out more, when visting us at www.courseondemand.net. One of You's greatest success stories "Program Yourself" is brilliant, yet inspired by still another Trademark creater and sets a stage for a potential dispute. In the alternative, still yet another deal by Google? Historical and legal authorities shall shed light on the matters. An emal was offered to Google's new partner development. Was it placed in the closet by Google's #1 employee? We actually think You-Tube,Program Yourself,Google could be on the verge of an evolutionary trend in education design, by this quirk of serendipity twist of fate? Let's give credit where credit (and money)is desirved. What do U-Think? Search Patent & Trademark Office for "Program Yourself". Does the public want more? Does the e-community want to create a new bread of education with Google and Ametex-Meidcal's Future Genetics and other programs? For "Automatic Learning Without Trying" and th "futuritic dream" of a thinking cap, people can be "Programmed" for inTelligence! Wow! Check it out today! Contact Google today!