Google-YouTube Deal Today?

Both the WSJ and the NY Times are reporting that an all-stock $1.65-billion Google deal for YouTube could be done as early as after market close today. The Times says that the two companies have already scheduled separate board meetings for today to try to close things off.

As an aside, don’t you love all the leaks in this? While some of it is undoubtedly investment bankers, I’d be willing to bet that we also have leaking board members involved. Given the scale and consequences, I’d imagine ex-HP chair Patty Dunn would be infiltrating people’s homes and water-boarding a few people to get to the bottom of this.

Related posts:

  1. Google is “Among Suitors” for YouTube
  2. The YouTube Warner Deal
  3. HP’s Board Behavior: Bad, Bad, Bad, Says Carly
  4. eBay / Google Ad Deal Takeaways
  5. Playing Truth or Dare with HP’s Patricia Dunn

Comments

  1. Markus says:

    Isn’t it pretty standard practice to leak something like this when it involves a risky deal to the public before it happens? Ie if the public hates it they can deny doing any deal, if the public loves it and the stock runs up they can go for it.

  2. kempton says:

    Hi Paul,
    What’s your take on Mark Cuban’s take that Google is absolutely crazy if it is to buy YouTube.
    http://www.blogmaverick.com/2006/10/07/some-thoughts-on-youtube-and-google/
    Because of all the copyright legal issue. And Mark thinks that the “Safe Harbor rules of the DMCA” won’t protect Google.
    I think Mark is quite wrong on his argument. What’s your take?
    By the way, I’ve taped Carly’s performance on 60-mins but haven’t watched it yet. Will you blog about it? It was interesting to hear the HP Brand Chief talked about Corporate spies,
    http://kempton.ideasRevolution.com/2006/10/07/hp-brand-chief-on-corporate-spies-inexcusable/
    Have a great Canadian Thanksgiving,
    Kempton

  3. Hey Markus — I’d say that trial balloons like that happen, but it’s well under half the time, more like once in a while. More often than not in tech, management in both the buying and the selling company is convinced of its own rectitude.
    When you really get into leaks, of course, is when someone involved in the acquisition really doesn’t like it. I don’t see any evidence of that here.

  4. kempton says:

    Hi Paul,
    What’s your take on Mark Cuban’s take that Google is absolutely crazy if it is to buy YouTube because of all the copyright legal issue. And Mark thinks that the “Safe Harbor rules of the DMCA” won’t protect Google. I think Mark is quite wrong on his argument. I would like to hear your view on this?
    By the way, I’ve taped Carly’s performance on 60-mins but haven’t watched it yet. Will you blog about it? It was interesting to hear the HP Brand Chief talked about Corporate spies this past week as I have blogged about it in my blog.
    Have a great Canadian Thanksgiving,
    Kempton

  5. Kyle S says:

    This is the first instance I can recall of Google acquiring a company in which they’d already invested substantial resources to build a competing product. Along with the news from Sergey that they plan on launching fewer services, it seems like Google is all about admitting when they’ve failed and/or screwed up recently.

  6. Kyle –
    Interesting take. YOu’re right: This is the first time a Google acquisition has been a tacit admission that another Google service isn’t panning out as well as hoped.
    That alone should make competitors very afraid. A Google without NIH (Not Invented Here Syndrome) is a scary thing indeed.