News channels are buzzing about the hottest takeover since MySpace.com
Google in talks to buy Web video site YouTube
Web search leader Google Inc. is in talks to buy YouTube Inc., the world’s leading Web site for video entertainment, for close to $1.6 billion (855 million pounds), the Wall Street Journal reported on Friday, citing a person familiar with the matter.
According to the newspaper, the talks are at a sensitive stage and could break off. YouTube declined comment on the report. Google representatives could not immediately be reached.
Drew Cullen in San Francisco reports:
Google is close to buying YouTube for $1.6bn, according to reports. Props for the scoop, if the talks pan out, go to TechCrunch, the Red Herring of the Web 2.0 Generation, which today reported this “completely Unsubstantiated Google/YouTube Rumor “. The WSJ today also says that Google and YouTube are negotiating and mention $1.6bn as the price. But this could merely mean that the two publications have the same source.
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