Pwned, I know.
I’ve been thinking about this deal for too long. Let’s see how News Corp reacts now that the number 1 and 3 video sites are now under one roof. At least Viacom didn’t pick it up, I’m sure that would have crush Murodch’s dreams of turning Myspace into the 21st century version of MTV.
I’m still predicting a Google fumble. This deal was good for Sequoia, good for Youtube’s founders, and good for who ever else owns equity in Youtube, but that’s about it. Even though it didn’t cost google anything (1.65 billion dollars in stock is just about 1 percent of the company’s market cap, it gains and loses that trading on NASDAQ every day) it should be very interesting to see how well Google integrates Youtube into it’s fold. AOL/TW version 2.0 anyone? (yeah, the scale of the merger is way off, but just think cultural clash).
-Nii A. Ahene
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