Wow,YouTube is worth that much? That site uses a lot of bandwith for sure.It’s a great new concept and it took off.
SAN FRANCISCO (AP) — Internet search leader Google Inc. is in talks to acquire the popular online video site YouTube Inc. for about $1.6 billion in cash and stock, according to published reports.
Mountain View-based Google and San Mateo-based YouTube are still at a sensitive stage in the discussion, The Wall Street Journal and The New York Times reported on their Web sites Friday, citing unnamed people familiar with the negotiations.
Source here.
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