Google Goes Gaga For YouTube 'Viewsers' pays $1.65 billion in stock October 9th 2006 01:57pm | Posted by: Michael Stevens, HNR Senior Editor In an all-stock acquisition, search engine leader Google has purchased YouTube for $1.65 billion, banking on YouTube to provide a lucrative marketing hub as viewsers/advertisers migrate from TV to Internet TV. "We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers," said Eric Schmidt, Google's chief executive officer. YouTube will continue to retain its brand name and 67 employees including co-founders Chad Hurley/Steve Chen. Source: Sneak Peek In: Movie News |Visit the HNR Forums

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