Google's Incredible YouTube Purchase 15 Years Later – Investopedia

Nearly 15 years ago, Alphabet Inc.’s (GOOGL, GOOG) Google purchased YouTube for the hefty sum of $1.65 billion. The actual date the news hit was Oct. 9, 2006. That may seem like a small sum for the behemoth that YouTube is today. But back then, the video site had been around for less than two years—even if it was growing like a weed. Key Takeaways Google purchased YouTube for $1.65 billion nearly 15 years ago. It has been a tremendous success for parent company Alphabet, now contributing nearly 11% to overall revenue. Big Money keeps plowing into Alphabet shares. This is back when there wasn’t any major video sites on the net. However, when YouTube came on the scene, it made big waves with users … and that growth hasn’t stopped. According to Britannica, the number of videos available passed 25 million in March 2006. That’s after the site went live in December 2005. Fast forward to today, and some estimate that there are tens of billions of videos on the platform! That’s insane growth. But there’s even more to the story because reports are now saying that YouTube’s music service has recently passed 50 million paying subscribers. So, all of…
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