Michael Arrington’s rumor that Google was in talks to buy YouTube for $1.6 billion, which he’d given a 40 percent chance of survival, was backed up by both the Wall Street Journal and the New York Times, all citing sources familiar with the negotiations.
Though skeptics have said, to quote from the WebProWorld forum, Google YouTube acquisition would “be like going out with a girl with three illegitimate kids and a broken down car,” because of all the copyright baggage, others think the potential deal would give Google a significant boost.
Home-game stock market guru Jim Cramer told a caller on his radio show Friday evening that if in fact Google acquired YouTube, then market players should expect Google stock to rocket past the $500 mark. Cramer also values YouTube as high as $3 billion.
Perhaps Google CEO Eric Schmidt will leverage his new position among the board of directors at Apple Computers to ink a deal there, too, forming a Google, YouTube, Apple conglomerate that we at the office are affectionately calling iBubble.
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