According to The Wall Street Journal, Google is in talks to buy a famous video sharing website, YouTube, for US$1.6 billion. A purchase of YouTube could give a big boost to the online video efforts of Google. YouTube commanded 46% of visits to U.S. online video sites in August, according to market research firm Hitwise. That compared to a 23% share for the video activities of News Corp.’s MySpace social-networking site, and 10% for Google Video. This rumor has not yet been confirmed by either Google or YouTube.

Via Wall Street Journal.

This entry was posted by Johan on Friday, October 6th, 2006 at 6:19 pm and is filed under Google. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.