Wednesday, November 15, 2006

FT.com / Companies / Media & internet - Google saves $200m for YouTube legal issues

Sign of the times 

Google announced the completion of the deal, agreed last month, and said it had issued 3.2m shares and options and warrants convertible into another 440,000 shares worth $1.65bn, less $15m already given in funds to YouTube.
It added that 12.5 per cent of the equity issued and issuable – equivalent to $204m - would be subject to escrow for one year “to secure certain indemnification obligations.”

Source: FT.com / Companies / Media & internet - Google saves $200m for YouTube legal issues

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