Google's Purse, post YouTube
So we know Google bought YouTube for $1.65b, but how did this affect the size of their market cap? Well, for the first week, the deal certainly paid for itself.
Let's look at it from the perspective of GOOG's market cap, as cited by GigaOM:
Pre-purchase, on Friday, October 6, 2006, Google shares closed at $420.50 a share. With roughly 304.36 million shares outstanding, that meant the company had a market capitalization of $127.983 billion. Post deal, Google shares closed at $427.30 a share, giving the company a market capitalization of $130.05 billion.
The difference between two Fridays: $6.80 a share, or about $2.1 billion. So they spent $1.65b and boosted their market cap by $2.1b. Pretty cool, huh?
Let's look at it from the perspective of GOOG's market cap, as cited by GigaOM:
Pre-purchase, on Friday, October 6, 2006, Google shares closed at $420.50 a share. With roughly 304.36 million shares outstanding, that meant the company had a market capitalization of $127.983 billion. Post deal, Google shares closed at $427.30 a share, giving the company a market capitalization of $130.05 billion.
The difference between two Fridays: $6.80 a share, or about $2.1 billion. So they spent $1.65b and boosted their market cap by $2.1b. Pretty cool, huh?
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