Google could be preparing to fight copyright lawsuits related to its acquisition of YouTube by setting aside over $200 million in escrow for a year. In a statement Monday announcing the completion of its purchase of YouTube, Google said "12.5 percent of the equity issued and issuable in the transaction will be subject to escrow for one year to secure certain indemnification obligations."I wonder if they've been listening to Mav's owner Mark Cuban who's been pretty outspoken against YouTube and it's legal issues.
Thursday, November 16, 2006
Google sets aside $200 million for YouTube
According to CNET: