I always thought You Tube was not a clean buy because of the innumerable pirated stuff it contains. However after close of day on Monday Google announced that it is buying You Tube for $1.64 Billion.
1. Google Inc. is snapping up YouTube Inc. for $1.65 billion in a deal that catapults the Internet search leader to a starring role in the online video revolution
2. It came just hours after YouTube unveiled three agreements with media companies in an apparent bid to escape the threat of copyright-infringement lawsuits.
3. The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.
4. You tube is a 67 employee company.