Cuban: Google Set Aside $500 Million to Settle YouTube Lawsuits

Everyone knows that Google bought YouTube for $1.65 Billion.

Everyone knows that Mark Cuban thought buying YouTube was crazy because of all the copyright infringement lawsuits they were facing.

Cuban has been known to follow up on deals, even those he just comments on. So he has posted a long item outlining how Google and YouTube plan to settle all the potential suits and the twist is they also plan to inhibit their competitors at the same time. Allegedly, the media companies will accept a settlement from YouTube in the form of equity so they don't have to share it with the talent and they will sue YouTube's competitors, which probably will wipe them out.

Good deal eh?

You don't make billions being nice guys.

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