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Google Buys YouTube

Google announced today that it would acquire YouTube for $1.65 billion in stock. YouTube will continue to operate independently, and Google Video will continue to operate as normal.

Plans about what the two companies will do together are vague, although Google's executives and YouTube's co-founders have sketched out "20-30" intersecting points of interest.

It's been a long day, with five content deals and one major acquisition. I'm tired. More tomorrow.

I just videotaped a rant on this. It's absurd. Will post as soon as the stupid thing finishes compressing. Do you find that the more bitter your video is the slower it compresses?

Posted by: nalts | October 10, 2006 at 03:51 AM

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» My Readers Get On Television, Baby! from ThePublishingSpot
Sometimes, things really work out. Take for instance, Steve Bryant, our Five Easy Questions victim two weeks ago. The guy edits online journalism sites about Google (GoogleWatch) and web video (Reel Pop); and lo and behold Google buys YouTube, putting... [Read More]

Tracked on Oct 10, 2006 12:59:37 PM

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