Friday, October 06, 2006

Google Looking to Buy YouTube for $1.6 billion

The rumour is that Google is looking to buy YouTube for $1.6 billion. YouTube has had informal talks with a number of companies about acquisition in the $1.5 - $2 billion range.

The discussions are still at a "sensitive stage", the Wall Street Journal reported on its Web site, citing a person familiar with the matter.

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