| Google to buy YouTube for $1.65bn |
| Agencies / California October 10, 2006 |
| Google has agreed to acquire YouTube, the California-based video start-up, for $1.65 billion in an all-stock transaction. The deal makes YouTube, which has grown into one of the most popular Internet destinations with 100 million daily video viewings, the first site dedicated to user-generated content to be sold for more than $1 billion. "The YouTube team has built an exciting and powerful media platform that complements Google |
