The 2 major players in the burgeoning satellite radio industry have announced a deal to merge into a single company. The move, announced as a merger of equals, will combine the services of both companies to create a much more comprehensive lineup to subscribers. Sirius CEO, Mel Karmazin, will lead the new company with XM […]

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Investors, founders, and several employees at YouTube are very happy today with the announed payouts from Google. Back in October, 2006 Google agreed to purchase YouTube for $1.65 billion in stock. “YouTube’s three founders and Sequoia Capital, its main financial backer, received the biggest windfalls.” Chad Hurley, YouTube’s chief executive, was paid in Google shares with […]

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