Tuesday, October 10, 2006
Google Buys YouTube

It's no secret, everyone loves the friendly video sharing website known as YouTube, and just yesterday Google announced that they bought YouTube for $1.65 billion in stock.
Google says, "YouTube will retain its distinct brand identity, strengthening and complementing Google's own fast-growing video business. YouTube will continue to be based in San Bruno, CA, and all YouTube employees will remain with the company. With Google's technology, advertiser relationships and global reach, YouTube will continue to build on its success as one of the world's most popular services for video entertainment." Read more here.
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