Google buys YouTube for $1.65bn
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Google is buying video-sharing website YouTube for $1.65bn (£883m) in shares after a weekend of speculation that a deal was in the offing. The two companies will continue to operate independently, Google said as it announced the news on Monday.
YouTube, launched in February 2005, has grown quickly into one of the most popular websites on the internet. It has 100 million videos viewed every day and an estimated 72 million individual visitors each month.
How do you see this merger? To me it's a win-win situation for both of the companies. The dot com boom is back & both publishers/advertisers are at cloud nine. The only thing that Google should care about is the lawsuits that will follow youtube. They might get to lose a few court room battles.. but a win in the long-run dot com war for Google is imminent.