It's official: Google is buying YouTube for $1.65 billion in stock. This will give YouTube the capital it needs to fix a few technical issues and figure out how to become profitable. Google promises that YouTube will remain an independent entity (in competition with Google Video)... at least for now.
Over the weekend, YouTube was buzzing with the rumors of the talks. Shortly before the sale was announced, I had posted my own opinion and analysis of the rumors on YouTube:
Tags: YouTube, Google, buyout, sale, internet, web sites, business news