Yahoo exec rips Google for overpaying for YouTube Such a comment from a Yahoo executive is surprising, but this is just part of...
Yahoo exec rips Google for overpaying for YouTube Such a comment from a Yahoo executive is surprising, but this is just part of the long-running debate about whether YouTube makes money. Greg Sandoval March 28, 2011 9:07 a.m. PT 3 min read Someone from Yahoo has accused Google of overpaying for YouTube. Oh, the irony. Steven Mitzenmacher, a Yahoo senior director of corporate development, is skeptical that Google has recouped the $1.65 billion the search company paid in October 2006 to acquire YouTube, the Web’s top video-sharing site. According to a story in The Google CEO Eric Schmidt Elinor Mills/CNET Wall Street Journal, Mitzenmacher was speaking on a panel at the Global Technology Symposium in Menlo Park, Calif., on Friday. Also on the panel were execs from LinkedIn, Adobe, and Google.
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