Report: Google in talks to buy YouTube for $1.6b

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October 6, 2006 23:58

 
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Internet search leader Google Inc. is in talks to acquire the popular online video site YouTube Inc. for about $1.6 billion (€1.26 billion) in cash and stock, according to published reports. Google and San Mateo-based YouTube are still at a sensitive stage in the discussion, The Wall Street Journal and The New York Times reported on their Web sites Friday, citing unnamed people familiar with the negotiations. The blog TechCrunch had reported on rumors of the acquisition talks. Google and YouTube officials declined comment. Analysts said a Google acquisition of YouTube would make sense for both companies if the reported talks lead to a deal, especially considering Google's $10 billion (€7.9 billion) in cash on hand.

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