Google denies Mark Cuban claim about Legal Reserve for YouTube

Though, Eric Schmidt, CEO of Google, has denied that $500 million were set aside for handling legal issues related with YouTube in the $ 1.65 billion buyout, parts of Cuban’s post are still believed by some bloggers. Schmidt denied Mark Cuban’s claim in an interview¬†with John Battelle at the Web 2.0 conference¬†(Nov 7-9, San Francisco): In a two-part question, Battelle asked whether Google’s deal included a secret reserve for legal claims and, secondly, what progress…

"Google denies Mark Cuban claim about Legal Reserve for YouTube"