Google spend €1.31 billion to ensure net domination
Two companies born in a garage. Two destined to dominate the net. When Google agreed to pay $1.65bn (€1.31bn) for the video website YouTube, it cemented its place as the leading force in the market and took out its main competitor in one shrewd — and expensive — gamble.
Chad Hurley, 29, and Steve Chen, 27, who set up the site in a California garage, said they were attracted by the prospect of adding Google’s cutting-edge search technology to enable users to access videos more accurately.
