No one is sure what to make of this rumour started by mark cuban.
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-08T030003Z_01_N07164184_RTRIDST_0_TECH-GOOGLE-YOUTUBE.XML&rpc=66&type=qcnaGoogle Chief Executive Eric Schmidt on Tuesday denied a widely circulated rumor that his company had set aside $500 million to settle copyright claims by media companies as part of its deal to acquire video-sharing site YouTube Inc.
Speaking to more than 500 Internet industry insiders at the annual Web 2.0 Summit, Schmidt said an anonymous blog post asserting YouTube has reserved $500 million for legal claims, out of the $1.65 billion takeover price, was "not true."
Web and sports entrepreneur Mark Cuban, an outspoken critic of the Google-YouTube deal, late last month posted a claim from an anonymous blogger that he had inside information on the secret reserve plan.
Its strange for a big company like this
not to have a war chest tucked awayin my opinion, but I suppose we shall have to take his word for it.
