October 10, 2006
One point six five billion dollars [ News ]
So GOOG is buying YouTube for $1.65 billion in stock. Erk. Not too bad for 19 months worth of work for the guys at YouTube, but ... first MySpace for $580 million, now YouTube for $1.65 billion? That's some real money there.
By comparison, let's see what else $1.65 billion buys:
- 24 Airbus A320 super-jumbo jetliners
- About 3/4 of a new US Navy attack submarine designed to replace the existing Los Angeles-class nuclear attack subs
- Verizon Hawaii
- International Paper's controlling stake in New Zealand's largest forestry products exporter, and then some ($1.65Bn in New Zealand dollars, $1.2Bn in USD)
- Racal Telecom, a UK fiber/telecom/networking company
- A rapid-rail transit network in South Africa built by Bombardier, the world's largest train maker
- Annual budget of the WHO
Hmmm. So is YouTube really worth as much as these sorts of things?
Posted by edobbs at October 10, 2006 08:50 AM
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