Google does YouTube – $0 to $1,65bn in less than 18 months

The deal that was inevitable/secret/surprising has been done. Google has bought YouTube for $1.65bn.

All the talk about YouTube and their bandwidth costs, how are they going to make money, etc etc now seems moot. Congrats to Steve and Co. on continuing to innovate and on hitting paydirt. This Inside the Net podcast is now a must-listen-to – ITN 15 – YouTube with Leo Laporte, Amber McCarthur and Steve Chen.

Pretty much what Herman Heunis and the team at MXit are hoping to do.

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