Youtube acquired by Google

Affirming the tremendous significance of video on the internet, and the stupendous skyrocketing success of Youtube's offering, Google acquired Youtube for a all stock deal of $1.65 billion.

Youtube hosts over 100 million videos with nearly 2500+ videos uploaded every hour , or close to one every second. Youtube has over 20 million unique visitors a day.

We will wait and watch how this impacts the future of Google, when almost 70% of all acquisitions don't bring much success.

Youtube has been a target of acquisition for some time, and I personally think Google must have bought it to avoid the risk of its potential competitors buying Youtube.

Detailed story is well covered on News.com
Regards,
Ajay