Google Eyeing YouTube
According to THE WALL STREET JOURNAL, Google is in negotiations to buy YouTube. Both companies have yet to comment on the reports. The article states that Google is floating $1.6 billion as a possible pricetag for the viral video site. YouTube founder/ceo Chad Hurley previously said he was not adverse to either an IPO or a sale of his quickly growing media phenomenon. However, media experts have also sighted YouTubes legal woes with companies over copyright violations as a stumbling block for any acquisition. The talks are apparently in the very early stages and could go nowhere, but if the deal would go through it would put Google in yet another leadership position on the Web. Googles own video-streaming portal has yet to catch on to the degree in which YouTube has exploded.