Real Estate Face Off: Microsoft and Google Eyeball FaceBook
Barely a year ago on October 9th, Google laid claim to their largest acquisition to date as they triumphantly announced the acquisition of YouTube for $1.65 billion in an all stock transaction. YouTube had been created merely 20 months earlier in February 2005 by three former PayPal employees and was little more than Adobe Flash technology used to display video content and movie clips. Yet it had made the July 2005 sale of buddy site MySpace to Rupert Murdoch’s News Corporation for $580 million look like chump change.