Google CFO Patrick Pichette made an startling revelation during a conference call discussing Google’s second quarter earnings today: It “invested” $100 million defending YouTube against Viacom’s $1 billion lawsuit.
In 2007, Viacom sued Google for $1 billion in damages over 160,000 unauthorized clips uploaded to YouTube , acquired by the search company in 2006. Since then, Google and Viacom have sparred in and out of court. Google (Google) maintained that it is and was protected by the DMCA (Digital Millenium Copyright Act).
Now it is said that google had ended with $30 Billion in the Bank.