The Google acquisition's financial terms were published

Feb 9, 2007 10:02 GMT  ·  By

As you surely know, YouTube is the most popular online video service that allows you to upload, share and comment movies using a simple website. Although it is regarded as an online video solution, YouTube represents a huge community of users that are continuously publishing and placing comments for certain movies, keeping the service updated periodically. In October 2006, YouTube was acquired by the search giant Google, the owner of the well-known search engine, sustaining its employees will improve the service several times to make it even more popular.

Although YouTube was acquired to attract more users to the giant company, Google encountered a lot of federal problems, being sued for copyright infringement and for publishing videos without authorization. The only remarkable update made by the search giant is represented by TestTube, an advertising platform inspired by Google Labs, allowing the users and the company to test new functions meant to be included in the final version of the product.

Google acquired YouTube for $1.6 billion, one of the most amazing investments ever made for an Internet company. Even if the company's representatives were asked several times about the financial terms of the acquisition, they refused to comment sustaining this is a private aspect for the company. Yesterday, paidContent published an article to publish the shares split made after YouTube's transaction, mentioning the amount of money for every founder of the service. You can read the information posted by paidContent in the next lines.

- Chad Hurley received 694,087 Google shares and another 41,232 shares in a trust. Based on Google' market price of $470.01, that values Hurley's stake at $345.6 million. - Co-founder Steve Chen received 625,366 Google shares and another 68,721 in a trust, indicating his stake is valued at $326.2 million. - Jawed Karim, the third co-founder, received 137,443 Google shares, with an indicated value of $64.6 million. - Sequoia Capital's holdings include 941,027 Google shares as part of its Sequoia Capital XI fund, with an indicated current value of more than $442.3 million.