On October 9, 2006, Google announced it was acquiring YouTube.
“Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
The acquisition combines 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. 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.”
Two of the founders of YouTube shared the news in a less formal way.
NBC reported the story on the Nightly News.
Years later, a video looked back at the history of YouTube with a timeline.
And another video remembered YouTube’s history through song.
