Google might buy YouTube for $1.6 Billion

Google might buy YouTube for $1.6 Billion

YouTube's website

Reports and rumors of Google entertaining the thought of purchasing YouTube website for $1.6 Billion are floating throughout the web after a report by The Wall Street Journal this Friday.

YouTube is a website that is a free site that allows anyone to upload and view videos on this website. It grew in popularity overnight, and in only 20 months and is ranked number 10 according to Alexa website ranking. YouTube is the most popular video sharing website and is estimated to have approximately 46 percent of the U.S. internet users attention for video.

Google Video which was started at around the same time of YouTube did not catch on as quickly and may be the reason for the interest in buying the video website to enhance their website.

At this time, neither Google nor YouTube are announcing publicly any such negotiations or discussions about a possible purchase. These reports of buyout are currently only a rumor at this writing.

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