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…Google just bought YouTube?


Internet search (and soon everything) king Google has just announced that it purchased Internet movie (and not much else) king YouTube for a whopping $1.65 billion in an all-stock deal. The purchase is Google’s most expensive to date, easily eclipsing the $130.5 million it spent in total last year on acquisitions. YouTube will continue to run as a separate brand, and all 67 employees (who are now very, very happy employees) will continue to run the company. It’ll be interesting to see what exactly happens with YouTube as Google already had their own video service in place to begin with, but I hope good things come from this meeting of giants, and not just more free copyrighted television shows and clips from old episodes of America’s Funniest Home Videos (though I do love those clips).

[Via: Gizmodo]

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