Deal would be search giant's largest yet, setting stage for scramble in video
By Ben Charny, MarketWatch Last Update: 6:50 PM ET 10/6/06

SAN FRANCISCO (MarketWatch) -- Online video is on a roll.
The latest sign of interest came Friday amid published reports that Google Inc. (GOOG) is in talks to buy the privately held video-sharing Web site YouTube Inc. for around $1.6 billion, a transaction that would combine two of the top 10 video providers and raise the stakes in Google's battle against News Corp.'s MySpace.com.
Google and YouTube are conducting merger talks, which are at a sensitive stage and could fall apart, the Wall Street Journal reported, citing an unnamed person familiar with the matter. A report of the talks, and the $1.6 billion price, first surfaced on the blog TechCrunch, which also cited an anonymous source.


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Well, it finally happened. $1.6billion in unsaleable stocks. I'm curious to see how it goes.

Yep:
http://www.platinax.co.uk/news/10-10...-buys-youtube/

Funny how they did the deal on unsaleable stock, though.

Though one must live with Google because one can not live without Google, I am sorry to see this monster might grow even bigger. Google is like a big blob from outerspace that soaks up everything.

Come on, Google is great. It soaks up everything but it deserved to because it's a brilliant invention that's very good at what it does.

I really like Google but I agreed that pretty soon Google is going to be the internet. I wondered will they buy myspace next?

I heard that with all the money these guys have, they live still live in a rented apartment.

I really like YouTube..at least I can view videos with a Mac..these guys are billonaires now. Talk about hitting the jackpot without even looking.