Saturday, October 07, 2006

Google in Talks to Buy YouTube

According to the Motley Fool, Google is in talks with YouTube to purchase the video sharing site for $1.6 billion. This is not remotely surprising given how YouTube has handed Google their lunch ever since Google launched Google Video. Google's never caught up with YouTube and the way people use it as a networking site, launching celebrities like LonelyGirl15.

Since Google's sitting on $9.8 billion in cash, they can actually pull this off just by showing up at their San Mateo headquarters with some large, bulging suitcases.