Hidden Nook
"Because in Cyberspace, no one can hear you scream."
Wednesday, September 07, 2005
Google Interested In Buying Reuters?
[Media Source*] (Hat Tip: Google Rumors)
(Guardian Unlimited) Reuters, the news and financial information group, became the latest stock to be caught up in the acquisition craze sweeping the London market.
Its shares, which have underperformed the wider market by nearly 15% over the past three months, closed 6.75p higher at 368.5p yesterday, excited by wild talk of a bid from Google.
Although this is pure speculation, a move by Google to actually purchase a news corporation would probably be unwise as it would place them in a similar position that Yahoo is in, which is whether to provide users with relevant information or to point them towards resources "in house" (in order to justify profits).
Editor's note: It is strictly the opinion of this blogger that Google should simply point users towards media and not attempt to develop these themselves. This has made many of their services (i.e. Google News, Google Video, etc.) popular as Google will even point users towards "the competition" if the query is the most relevant result. Besides, what value would a news organization like Reuters have for Google anyways?
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