Google buys Youtube @ US$1.65B
Filed in archive Newsdesk 2.0 by S.M. Schrama on October 10, 2006

Although some cynics have questioned YouTube's staying power, Google is betting the popular website will provide it an increasingly lucrative marketing hub as more viewers and advertisers migrate from television to the Internet.(London Free Press)YouTube's worldwide audience was 72.1 million by August, up from 2.8 million a year earlier. I think that speaks for itself.
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