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Tue
10
Oct '06

Google buys youtube for $1.6 billion

Google Inc. said Monday it’s buying No. 1 Internet video sharing Web site YouTube Inc. for $1.65 billion in stock. The deal is regarded as a largely defensive one that leapfrogs Google into a leading role in a burgeoning Internet marketplace.

I wish I had an idea that I could sell for 1.65 billion dollars…

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