Google Buys YouTube for $1.65B

Monday, Oct. 9 2006 | Author: jeremy

New outlets everywhere are confirming the purchase of YouTube by Google.

The deal is regarded as a largely defensive one that leapfrogs Google into a leading role in a burgeoning Internet marketplace. Moreover, the Google/YouTube deal highlights how Google and other Internet companies are betting heavily on video to attract more customers and generate more advertising revenue.

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