Google to buy YouTube for .65 billion.

Google to buy YouTube for .65 billion.

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Google to buy YouTube for $1.65 billion.

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Posted 10/9/2006 5:00 PM

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Google, the Internet's leading search engine, announced Monday that it is buying popular online video site YouTube for $1.65 billion in stock.

YouTube, which was founded in February 2005, has quickly become the most well-known of several online video sites. More than 100 million videos, many of which are short videos created by the site's users, are downloaded a day on the site.

http://money.cnn.com/2006/10/09/technology/googleyoutube_deal/index.htm?cnn=yes

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Posted 10/9/2006 7:07 PM

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On a humorous note, should we call it "GooTube"? Hehe

Hehe

(sorry, I couldn't resist)

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