Google announced this afternoon that it would buy YouTube, the popular video-sharing Web site, for stock that it valued at $1.65 billion. Google beat out a number of other YouTube suitors, including Microsoft, Viacom, Yahoo and the News Corporation.
Is YouTube 100% owned by Google?
Google bought the site in November 2006 for US$1.65 billion, since which it operates as one of Google’s subsidiaries.
Is YouTube owned by Goodle?
Google purchased YouTube for $1.65 billion nearly 15 years ago. It has been a tremendous success for parent company Alphabet, now contributing nearly 11% to overall revenue. Big Money keeps plowing into Alphabet shares.
Who is the CEO of YouTube?
Susan Wojcicki is CEO of Alphabet subsidiary YouTube, which has 2 billion monthly users. In 1998, Google cofounders Sergey Brin and Larry Page rented Wojcicki’s garage in Menlo Park, California and developed Google’s search engine there.