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Monday March 28, 2011

Yahoo Executive Slams YouTube Purchase

Let me get this straight, the company that spent almost $4 billion on GeoCities thinks Google is "still crazy" for paying $1.65 billion for YouTube? Umm, what?

Mr. Mitzenmacher, who was on a panel with deal executives from Google, LinkedIn and Adobe Systems, took a swipe at Google’s 2006 purchase of YouTube for $1.6 billion, saying the price is "still crazy."

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Posted by Steve 3:16 PM (CST)