October 06, 2006, 2:00 PM ET
Report: Google In Talks To Buy YouTube
Full Story: http://www.billboard.biz/bb/biz/news..._id=1003221779Internet search leader Google Inc is in talks to buy popular Web video site YouTube Inc. for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter. According to the newspaper, the talks are at a sensitive stage and could break off.
Representatives for Google and YouTube were not immediately available for comment. Separately, Internet blog TechCrunch.com talked of what it called a completely unsubstantiated rumor of talks between Google and YouTube.
YouTube has quickly ascended to the rank of top Internet video site since it was founded in February 2005 by letting users share homemade video clips.