Google Paid $1 Billion Too Much for YouTube? What Will It Pay for Twitter?

The big news this morning is a CNET report quoting Google CEO Eric Schmidt’s admission that he paid around $1 billion too much for YouTube. Here’s an extract from Schmidt’s deposition in the ongoing Viacom suit: Schmidt: I believe YouTube was worth somewhere around $600 million to $700 million. (Viacom Attorney) Baskin: And you communicated that to the [...]