Monday, October 09, 2006

It's true, Google has bought YouTube for

UK£1bn in stock. The story is here at Sky News.

Google's chief executive officer Eric Schmidt said: "We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers."

I liked it when the internet was about young upstarts trying to make a difference to the world. Now it's all big business deals. I guess I need to nurture the capitalist in me or something to appreciate this kind of deal!

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