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Interesting Stories

Google in talks to buy Web video site YouTube

Friday, October 06, 2006

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Did you hear this? Google is in talks with YouTube, the popular video sharing service to buy the firm for over 1.2 billion dollars. This means that it is going to be a mega deal in sorts for Google which can then make a monopoly,or atleast a oligopoly out of the video market with their Google Videos. Not many other services are as popular as these two under question.

It will be interesting to see if Google does succeed in this or if Yahoo would step up and make a higher bid. In my view, this is a critical move for Yahoo as well, as it can let go one huge pie if they don't make a bid as well..

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posted by Anand, 2:38 PM


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