In case you haven’t heard (where have you been?) Google announced that the rumours were true after all and that they have agreed to buy YouTube for $1.65bn.
Yep. You read that correctly, $1.65bn.
Unsurprisingly, this is the top story on TechMeme.
It looks like Google believes video on the web has a real future and YouTube’s legal troubles (they are being threatened with litigation for copyright infringement) are a price they are willing to pay.
For the people thinking of suing YouTube this has got to have them down on their knees thanking their deity of choice! Instead of suing YouTube – a company with no significant assets, they now get to sue Google – one of the world’s wealthiest companies!