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How to Spend a Billion-Plus on User-Generated Content, Google Edition

Sure, Tumblr could be a GeoCities for Yahoo. What if it’s a YouTube? Here’s what the video site’s financials looked like when Google bought it.

News Byte

Google Loses Its Wallet VP

Osama Bedier, who joined Google in 2011 and headed the Google Wallet payment business, is leaving the company. Google confirmed a VentureBeat report, saying Bedier had decided to pursue unspecified opportunities.

News Byte

Google Keeps Gmail Domestic Calls Free for 2013

Just as it did the past couple of holiday seasons, Google said today it was giving Gmail users in the U.S. and Canada another year of free domestic voice calls via the Chat widget.

News Byte

Google Sells Motorola Set-Top and Modem Unit to Arris for $2.35 Billion

After shopping it around for a few months, Google has found a buyer for Motorola Home, which makes set-top boxes, cable modems and related equipment. The business, one of the acquired Motorola Mobility assets Google is shedding, will go to Arris, a broadband media tech outfit, for $2.35 billion in cash and stock.

News Byte

In New Book, Google’s Schmidt and Cohen Tackle Digital Challenges

Eric Schmidt, executive chairman of Google, and Jared Cohen, director of Google Ideas, will address the promises and pitfalls of a digitally connected world in a book titled “The New Digital Age: Reshaping the Future of People, Nations and Business,” due out on April 23 from Knopf.

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Confirmed: Google Grabs Meebo

As tipped by Liz Gannes last month, Google has indeed acquired Meebo, which in its current incarnation is making tools that allows users to create interest profiles and publishers to increase user engagement. The price was not revealed, but was reportedly in the $100 million neighborhood. The Meebo team will be folded into the ever-growing Google+ social structure.

News Byte

Really, Mr. Schmidt? All in Used Twenties?

According to a regulatory filing, Google Chairman Eric Schmidt plans to sell as much as $1.5 billion in Google stock over the course of the year as part of a trading plan adopted in November. The sale of up to 2.4 million shares would cut his ownership stake to about 2.1 percent from 2.8 percent.

News Byte

Justice Department Clears Google Acquisition of Motorola Mobility

Just hours after European Union antitrust regulators gave the okay to Google’s $12.5 billion purchase of Motorola Mobility, their counterparts at the U.S. Department of Justice did the same. The DOJ echoed the EU concern over how Google will handle standards essential patents and said it would be watching, but it concluded overall that “the specific transactions at issue are not likely to significantly change existing market dynamics.” Also approved was the sale of a batch of Nortel patents to a consortium composed of Apple, Microsoft and RIM.

News Byte

Google’s Top Searches Have a Strong Apple Flavor

Google’s annual Zeitgeist roundup of the year’s fastest-rising queries once again reflected the world’s fascination with celebrities and tragedies (or in the case of 2011’s No. 1, Rebecca Black, a combination of the two). But the real winner was anything to do with Apple — among the year’s Top 10 were searches on the anticipated iPhone 5, the iPad 2 and the late Steve Jobs. Lots more grist in the various categories.

News Byte

YouTube Movie Rentals Adding Pooh, Pirates and a Pile of Disney

YouTube’s movie rental operation is getting a big infusion of Disney over the next few weeks. Google announced today that the first handful of what will eventually be hundreds of films from Disney, Pixar and DreamWorks Studios are now available on the service in the U.S. and Canada, joining movies from Sony Pictures, Universal and Warner Bros.

No Harm, No Foul

Amazingly, nothing bad happened to me at Google. Everyone just laughed at me a lot, all the way up to the top, for having committed what must be the great-granddaddy of all Reply-All screwups in tech history. But they also listened, which is super cool.

Google engineer Steve Yegge, who accidentally publicly posted what was meant to be an internal memo criticizing the handling of Google+