There were rumors around about Goolge bying YouTube for $1,65 billion. Now the YouTube founders themselves posted a small video announcing the deal:
Like this guy I think it will be a extremely interesting question how Google will deal with the copyright violations in the end.
Update: Something doesn’t just feel right about these guys and this deal. They don’t really have a message and bloviate something about community service. Do you think it is right that tehy just earned 1,65 billion for delivering content they didn’t produce over bandwidth they didn’t pay for? I think Goolge just wanted to make sure to get control over YouTube before it’s getting even more expensive.
Update 2: Here is a public debate between a law professor and an economics professor about the copyright issues related to the YouTube aquisition.