YouTube Price Reasonable After All?
Blodget chimes in on the price paid for YouTube. I wonder if he is he the best guy to turn to when it comes to analyzing Internet businesses?
Referring to the $1.7 billion acquisition, he says "This was a tiny tuck-in acquisition for a massive global behemoth. It was a minor risk with a potentially huge payoff that the company was smart to take."
While even a complete flop from YouTube would certainly not sink Google, what concerns me is whether Google will make more acquisitions like this in search of growth.