Yes, google bought it for 1.65 BIllion dollars. This is absolutely HUGE. Now, you gotta admit, YouTube is going to do great in this deal. Money, no more bandwidth problems, ya got the weight of google behind you, its great. They got video ads now, googles backing you against yahoo and microsoft video sites. Its now most definitely the most powerful video sharing site there is. Google? They get a huge arena for video ads! They will probably regain all this, *STOCK soon enough. Note that its going to be transfered in STOCK, and not solid cash.
This will get interesting….