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October 19, 2006

If You Can't Beat Them, Buy Them

posted by MR WAVETHEORY at 10/19/2006 03:41:00 PM
Linkin Park also made money during the Warner Music Group Corp. IPO (NYSE WMG)
That is what the labels did hours before Google bought YouTube. Universal, Sony, and Warner each bought a stake in YouTube hours before its sale to Google. On the sale, the labels instantly made $50 million.

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