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Tuesday October 10, 2006 5:01 am
Google Buys YouTube For $1.65 Billion
Okay, so, if you haven’t heard, Google has purchased the ridiculously popular online video sharing service YouTube for $1.65 billion in an all-stock acquisition. That would make YouTube Google’s largest purchase to date, and quite possibly, it’s most questionable. I mean, after all, our biggest experiences with YouTube involved viewing copyrighted material that YouTube had no business hosting. We would love to see how Google plans on dealing with that nightmare. According to YouTube execs, who should be out partying rather than making statements, YouTube is expected to still operate on it’s own and continue stealing content
doing it’s thing.
Read More 
| Yahoo!
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