Google buys YouTube for $1.65m in stock

This rumour has been circulating for a few days, but yesterday the big news was that Google has agreed to buy video sharing site YouTube for $1.65 million in stock.

This is a good complement to Google’s own video sharing service, but Google has said so far that YouTube will keep it’s own identity and site, but will work with YouTube to add and enhance features for their own and the YouTube site.

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