YouTube acquisition is completed

Google has announced that the acquisition of YouTube is complete.

 

The final deal included issuance of 3,217,560 shares, of Google’s Class A common stock and $15 million in cash. The share count was calculated by dividing $1.65 billion less certain amounts (approximately $15 million) funded to YouTube by Google.

 

Google Closes Acquisition of YouTube

 

MOUNTAIN VIEW, Calif., November 13, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has closed its acquisition of YouTube, the consumer media company for people to watch and share original videos. In connection with the acquisition Google issued an aggregate of 3,217,560 shares, and restricted stock units, options and a warrant exercisable for or convertible into an aggregate of 442,210 shares, of Google’s Class A common stock. The number of shares of Class A common stock issued and issuable by Google was calculated by dividing $1.65 billion less certain amounts (approximately $15 million) funded to YouTube by Google between signing and closing by the average closing price for the 30 trading days ending on November 9, 2006. 12.5% of the equity issued and issuable in the transaction will be subject to escrow for one year to secure certain indemnification obligations.

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