p2pnet.net News:- Google says it’s completed its YouTube buy.

“The final price included $15 million in cash, 3,217,560 shares of Google Class A Common Stock, along with an additional 442,210 shares of restricted stock and warrants,” says TechCrunch.

“The number of shares was determined by dividing the acquisition price, $1.65 billion, by an average value of Google stock over the last thirty days (this is a standard way of handling public company acquisitions).

Some 12.5% of the stock is being held in escrow for one year, adds the story.

The company is, meanwhile, now embroiled in a YouTube lawsuit that’s turning into an international copyright punch-up.

Also See:

TechCrunch – Google Closes YouTube Acquisition, November 13, 2006
copyright punch-up – YouTube copyright row, November 14, 2006

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