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Google Hits 500

by Chris Gilbey at 07:54AM (EST) on November 26, 2006 | Permanent Link | Cosmos

Google has hit $500.

The company is now Silicon Valley's second most valuable business, behind Cisco Systems, eclipsing the likes of Intel, the world's largest computer chip maker, and Hewlett-Packard, a high-tech pioneer that also started in a garage 67 years ago.

Think about the acquisition of YouTube and the history.

Rupert buys MySpace for $600MM. Does a deal with Google to supply ads with a guarantee of $900MM. MySpace now paid for. News stock goes up 20%. How can that be bad?

So YouTube comes on the market. The potential had to be there that Rupert would buy YouTube and do another MySpace. So Google jumps in. This time pays with scrip. So no impact on their cash position and minimal dilution.

So now the acquisition in real terms is on the way to costing nothing and the guys from YouTube are on the way to being worth $2Binstead of the $1.65 Billion that they started with. Amazing.

Keywords: YouTube, Newscorp, MySpace, Murdoch, google

Technorati Tags: YouTube, Newscorp, MySpace, Murdoch, google

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