With its IPO expected to hit the market in few months, facebook is in all shopping mood. Couple of days back they finalized the deal to buy Instangram, a photo sharing application; now they have finalized the deal with Redtube.com for whopping $15Bn.
“The company will not be merged with facebook but will keep its identity and will run on facebook business model. Although we are not going to change its business, but we are surely going to change its name. Probably the new name of the site will be Facetube.com”, Said vice president.
The deal is being termed as costly one, but will surely be beneficial for the company. Some experts see this as Facebook’s attempt to counter one of remaining successful products of Google: ‘YouTube’. Orkut is about to find its place in museums soon. Buzz never kicked off. Google plus also, people seem to be ignoring. Now if this merger goes successful, it may be curtains for Google.
But Facebook is denying all these business strategies. “Almost everyone has a Facebook account now. Facebook is getting kind of monotonous. Same video and image shares are not going to last for long. We have to tap other market areas as well. And porn video industry is the biggest one. How great it would be, if people could share Sunny Leone’s or Pamela Anderson’s video”, Said Mark Zuckerberg in his ever cool style.
The acquisition has been clandestine one. The news came out only when all the formalities have been done. Company has already hired one Indian techie for a package above 1 Cr. Initially it was thought that his technical skills have got him the job. But it was due to his ability to select good porn videos from a high quantity of videos (a skill got in four years of his engineering). Now the skills will be used to scrutinize the existing videos of retube.com. Only videos approved by him will be kept, others to be deleted.
“Facebook is all about connecting to people. Some people you know and some you find by common interest. This acquisition will enforce this basic principle of Facebook also. When you can be friends based on same personal, political or social views, why not this way also. We are going to develop Redtube further so that users can build apps based on videos they like. This will socialize them more”, said Chief development officer.
“Redtube is really proud of this moment. To join the brand of Facebook really means a lot. This proves that we have been doing something for the social cause only”, Said CEO of Redtube.
There is a buzz in the users about the development.”This is why I like facebook. They come up with new ideas every now and then. I surf the net a lot and 90% of the time is used for facebook and porn stuff only. With Facebook joining both these things, it will save me a lot of time as searching for quality stuff is the most time consuming thing in this aspect. And with Facebook you can be sure that the quality will be good. This is gonna save me hell of a time”, said excited Ankush.
Facebook buys Redtube.com for $15Bn,