GoogleTube

Google, the Internet’s leading search engine, announced Monday that it is buying popular online video site YouTube for $1.65 billion in stock. YouTube, which was founded in February 2005, has quickly become the most well-known of several online video sites. More than 100 million videos, many of which are short videos created by the site’s users, are downloaded a day on the site.

Sooner or later, we knew that someone would buy up YouTube. Google has the financial backing, and since it owns the search market, I am sure they have some creative integration in the works. That’s one massive pricetag though… their most expensive buy to date.