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+ - Google to Buy YouTube for $1.65B in Stock

Submitted by hawridger
hawridger (929560) writes "From the Yahoo article:

Google Inc. snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution. The all-stock acquisition unites one of the Internet's marquee companies with one of its rapidly rising stars.

The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

Read more at http://news.yahoo.com/s/ap/20061009/ap_on_bi_ge/go ogle_youtube_7."

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