Google in Talks to Acquire YouTube

According to The Wall Street Journal, Google is in talk to acquire YouTube. Google plans to spend $1.6 billion dollars on the acquisition. Google has not been doing very well on the video market with only 11% of market shares as opposed to youTube who pilled in close to 50% of the market shares. The talk is still in early stage; it is far from being finalized and might not even materialized, however if the deal works out, Google will be the leading video sites on the Internet.

Google Reportedly in Talks to Buy YouTube for $1.6 Billion [via pcworld]