Last week's rumors about Google planning to purchase YouTube were almost spot-on. The search giant has announced that it has agreed to acquire YouTube via a $1.65 billion stock swap. Rather than swallow up YouTube into its Google Video service, though, Google says YouTube will continue to operate independently in order to "preserve its successful brand and passionate community." YouTube will also keep its 60-employee staff and San Bruno, California offices.
As we reported last week, YouTube held 42.94% of the video search market between February and May this year, while Google had 6.48%. Unless those figures change dramatically, Google may end up with somewhere around half the video search market once the acquisition is finalized later this quarter.
|ASRock kills its SkyOC BCLK overclocking feature||64|
|Square Enix patches Rise of the Tomb Raider for the PC||32|
|Deals of the week: Samsung's 850 EVO 1TB SSD for $290 and more||45|
|National Bubble Gum Day Shortbread||15|
|NEC PA322UHD-2 blends a 4K IGZO panel with pro features||20|
|Google Safe Browsing blocks sites with fake download buttons||53|
|National Homemade Soup Day Shortbread||40|
|Audiosurf 2 is worth a look||26|