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Rumors are abound that Google is going to be purchasing YouTube this week for an estimated $1.6B. While, for a company that isn't turning over any significance revenue, that would represent a huge return in investment, the TechCrunch are noting that this is about only 40% likely since each respected news source appears to be reporting on this story from the rumors in the blogs as oppose to going out and doing some journalism. Time will tell who is right I guess.
But off the back of this, Google's founding boys have told the company to stop releasing new products and instead focus on features to their existing product line. Hurrah!
Oct 10th Update: It happenned, Google purchased YouTube for $1.6B in Google shares.
links: digg this del.icio.us technorati reddit
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