Google has laid speculation to rest — it is buying YouTube for US$1.65 billion in a stock transaction.YouTube operates a wildly popular Web site showing original videos in a range from amateurish to professional.
It will continue to operate independently after the Google acquisition “to preserve its successful brand and passionate community,” Google said Monday when it announced the deal.Bringing YouTube into the ever-growing Google empire will mean that users have a “better, more comprehensive experience” when they upload, watch and share videos, Google said.
It will also provide more opportunities for professional content owners to get their work out to a wider audience, the company said.
Macworld: News: Google to buy YouTube in $1.65 billion stock deal
This was unexpected to say the least, speculation seems to have been going on for months about who would acquire YouTube to fund it’s massive bandwidth bills and continue to make it grow. In my views, no better company could have taken it over, I cant wait to see what this acquisition does for YouTube.