Google acquires YouTube

Google will buy YouTube for $1.65 billion in stock.

"Combination will create new opportunities for users and content owners everywhere."

When the acquisition is complete, YouTube will retain its distinct brand identity, strengthening and complementing Google's own fast-growing video business according to the presscenter on google.com

As always when it comes to Google it is the question and issue of monopoly and if Google is getting to big. But I think that this is great to have all content on both the existing Google Video and soon YouTube indexed on the same search engine. Maybe Google has new exciting plans regarding this?

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