Monday, October 09, 2006

Will Google buy YouTube: buyout!

A never ending story!

First flickr and now it's time for Youtube to fall in the arms of the fathers of the web!

Web-search giant Google is in talks to acquire YouTube for roughly $1.6bn (€1.2bn), a person familiar with the matter says.

The discussions between Google and YouTube are still at a sensitive stage and could break off, says the person familiar with the matter. Other technology, media and entertainment companies have expressed interest in taking stakes in YouTube this year, according to people familiar with the matter.

Google rival Yahoo earlier this week expressed interest in holding acquisition talks with the video start-up, these people say. YouTube also turned down a lower proposed value from Google earlier this week, before commencing discussions about the possible $1.6bn deal.

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