October 07, 2006

Google in Talks to Buy Youtube for $1.6 Billion

The 29 year old and 28 year old co-founders started YouTube in February 2005. Less than two years laters, they are in serious discussion to sell their online video site for $1.6 billion. YouTube serves up 100 million videos daily and has 46% market share in the online video market as of this month. The company has 67 employees and was backed by Sequoia Capital with $11.5 million in venture capital. Yes these are the same guys that backed Google. Talk about a crazy return on investment in less than 2 years. Source