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Google

Submission + - Google Puts $200k in Reserve for Future YouTube Li

hawridger writes: Way to plan ahead Google.

Mercury News reports

Google Inc. has set aside more than $200 million in its just-completed takeover of YouTube Inc. as a financial cushion to cover losses or possible legal bills for the frequent copyright violations on YouTube's video-sharing site.

Without elaborating in a late Monday statement, Google said it is withholding 12.5 percent of the stock owed to YouTube for one year ``to secure certain indemnification obligations.''

How about a filesharing app now Google?

A committee takes root and grows, it flowers, wilts and dies, scattering the seed from which other committees will bloom. -- Parkinson

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