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Technology and Society

News on the mashup of technology and society.

2006-10-09

Its confirmed. Google buys youtube for $1.6 billion

Google Inc. said Monday it's buying No. 1 Internet video sharing Web site YouTube Inc. for $1.65 billion in stock. The deal is regarded as a largely defensive one that leapfrogs Google into a leading role in a burgeoning Internet marketplace

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Posted by Giorgio at 23:07

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