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Did YouTube Cost Less Than Nothing?

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We pointed out the other day that Google had bought YouTube for about 1% of its equity. The Big Picture takes the analysis one step further, noting that after the rise in Google’s share price following the acquisition, Google essentially picked up YouTube for free.
And if the stock keeps climbing, well, then Google picked YouTube up for less than nothing. The market is paying Google to buy YouTube.
Google Buys YouTube -- for Free [The Big Picture]