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Google Buys Youtube

sjohnson
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Posted October 9, 2006 - By Stephen Johnson

Search engine giant Google announced today that they have purchased teen-angst and lip-syncing video portal YouTube for 1.65 billion dollars.

The announcement came hours after YouTube unveiled three agreements with media companies, deals thought to be a bid to escape the threat of copyright-infringement lawsuits.

How this will change YouTube remains to be seen, of course, but one thing is for sure, the dude who invented YouTube is going to sleep in a solid gold hammock tonight.

Also, we think it should be called "GooTube."

Yahoo: Google snaps up YouTube for $1.65B

Tags: News, Tech
Google Buys Youtube
http://www.g4tv.com/thefeed/blog/post/652717/google-buys-youtube/
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