Friday, October 06, 2006

Google to buy YouTube for $1.6bn

Michael Arrington has reported a rumour that Google “may be in the final stages” of a US$1.6 billion deal for video sharing site YouTube.

If the rumour is true and the deal goes through it could be another coup for Google, though it might yet turn out to be a big headache for the search giant.

Source: e-consultancy