Google in talks to buy YouTube, reports say

http://media.guardian.co.uk/city/story/0,,1889654,00.html

Google, the world's best internet search engine is in converstaion about purchasing Youtube a growing video sharer website. The Wall Street Journal is too buyout the video site for $1.6bn which is £855 million. The W.S.J is claiming that the discussions could easily take place at any moment.

YouTube was founded about 18 months ago and it is reported that they have held discussions with numerous companies in discussing the overtake- even though the founder/ chief executive, Chad Hurley, said previously that YouTube was not for sale.They has been many protests many people see the site as the "world's biggest' site that delievers more than 100m videos each day. YouTube are possibliy facing a sue case from Universal saying that they are going to sue it for "copyright infringement"

Google is one of the companies that is linked to the new speculation of video sites- the editor Michael Arrington from Silicon Valley blog Techcrunch, said he recieved information on the possible talks "I got an email tonight about a possible Google aquisition of YouTube that may be in the final stages before closing. Rumored price $1.6 billion", he wrote "A quick phone call to a VC confirmed that the rumour is circulating (he also confirmed the price), but that is far from confirmation that this deal is happening."

A spokeswoman for Google said the company refused to comment on any speculation, and YouTube was unavailable for comment. The W.S.J recently claimed that Yahoo was on the verge of buying the social networking site Facebook, run by a 22year old graduate Mark Zuckerberg for a figure of around $1bn. As yet no further evidence of a possible link between the two companies has emerged.