• Google

    Breaking: Google Buys YouTube for $1.65 Billion

    youtube.jpg

    Google Inc. snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution.

    The all-stock acquisition unites one of the Internet's marquee companies with one of its rapidly rising stars.

    The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

    We're going to try not to think about this, as it gives us painful pre-diarrheal cramps.

    Google Snaps Up YouTube for $1.65B [AP]

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