YouTube paid an extra billion
Since 2006, many analysts are puzzled, which prompted Google to pay an astronomical amount of $ 1.65 billion for an 18-month YouTube startup that could not possibly have been worth that kind of money. Now we have the answer.
President of the company Eric Schmidt during the court proceedings against Viacom admitted that they specifically paid the billionth premium for YouTube over its real price (the “real” means the price calculated by standard economic instruments, based on the forecast of the company's financial flows).
The award was made to instantly stop trading, which threatened to flare up between Microsoft, Yahoo and Google, and to quickly complete the purchase. The normal price of YouTube, which Schmidt reported on the board of directors at that time, was about $ 600-700 million.
President of the company Eric Schmidt during the court proceedings against Viacom admitted that they specifically paid the billionth premium for YouTube over its real price (the “real” means the price calculated by standard economic instruments, based on the forecast of the company's financial flows).
The award was made to instantly stop trading, which threatened to flare up between Microsoft, Yahoo and Google, and to quickly complete the purchase. The normal price of YouTube, which Schmidt reported on the board of directors at that time, was about $ 600-700 million.
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Source: https://habr.com/ru/post/71751/
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