A local fast-food joint is the last place you’d expect corporate giants to consummate a $1.65 billion deal, but that is precisely where Google managed to negotiate the purchase of YouTube.
This is the revelation made in a recent interview by YouTube co-founder Steven Chen. Mr Chen was discussing the fateful sale at TechCrunch Disrupt Beijing and said that in retrospect, things could have been dealt with differently. He was responding to the question of whether he and his co-founder really had to sell YouTube to Google.
According to Chen, the decision to sell YouTube was pored over long and hard and in the end they ended up meeting with several executives from the top tech companies, including Yahoo’s own Jerry Yang. In the end the decision was made to meet at Denny’s, a place where he nor the executives felt was a place they’d all be expected to found.
Google’s Eric Schmidt proved a catalyst for the sale and so over Mozzarella sticks, the details of the acquisition was ironed out and YouTube became a Google owned company. Who would have thought it? But then again, the people in Silicon Valley are not exactly known for doing things by the book—in fact, the more unconventional the saga, the better the Silicon Valley story seems to sell.
Do you think the sale of YouTube to Google was a good decision? Share your views in the comments below.
source: http://www.sitetrail.com/2011/11/04/youtube-was-bought-at-dennys-for-1.65-billion/
According to Chen, the decision to sell YouTube was pored over long and hard and in the end they ended up meeting with several executives from the top tech companies, including Yahoo’s own Jerry Yang. In the end the decision was made to meet at Denny’s, a place where he nor the executives felt was a place they’d all be expected to found.
Google’s Eric Schmidt proved a catalyst for the sale and so over Mozzarella sticks, the details of the acquisition was ironed out and YouTube became a Google owned company. Who would have thought it? But then again, the people in Silicon Valley are not exactly known for doing things by the book—in fact, the more unconventional the saga, the better the Silicon Valley story seems to sell.
Do you think the sale of YouTube to Google was a good decision? Share your views in the comments below.
source: http://www.sitetrail.com/2011/11/04/youtube-was-bought-at-dennys-for-1.65-billion/