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Google bought YouTube

Google has just bought YouTube for $1.65 billion in stock. YouTube is a video sharing web site which allows users to upload and share videos. The company was founded in February 2005 by Chad Hurley, Steve Chen, and Jawed Karim.

Following the acquisition, YouTube will operate independently. I wonder what will happen to Google Video? Are incoming traffic to video.google.com will get forwarded to youtube?

For more information, Read the Google Press Release.

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