It is official: Search engine Google has bought online video site YouTube for $1.65 billion according to the Associated Press.
It also looks like that the search engine's ascent to a premier element in online video might put some heat on its No. 2 rival to execute a purchase of social networking site Facebook.
"Google's YouTube coup may intensify the pressure on Yahoo to make its own splash by buying facebook.com, the Internet's second most popular social networking site,' the article says. 'Yahoo has reportedly offered as much as $1 BILLION for Palo Alto (Calif.)-based Facebook during months of sporadic talks."
I guess you aren't gonna find the independence of new media at its summit, that's for sure.
It also looks like that the search engine's ascent to a premier element in online video might put some heat on its No. 2 rival to execute a purchase of social networking site Facebook.
"Google's YouTube coup may intensify the pressure on Yahoo to make its own splash by buying facebook.com, the Internet's second most popular social networking site,' the article says. 'Yahoo has reportedly offered as much as $1 BILLION for Palo Alto (Calif.)-based Facebook during months of sporadic talks."
I guess you aren't gonna find the independence of new media at its summit, that's for sure.
posted by Chris Estrada at
3:13 PM
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