Tuesday, October 10, 2006

Google To Acquire YouTube

This is HUGE!! Google has acquired YouTube for a whopping $1.65 Billion in stocks. The market was buzzing with the rumour for some time but $1.65 Billion is a heafty sum even for stock/cash rich Google.

I wonder how Google plans to get the investment out of YouTube!! Anyways, great day for Flash Video.

Read NY Times and Google press release.


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