Monday, October 09, 2006

Google Nears Deal With YouTube -

I think both companies could use some training from Steve Jobs on the privacy/security front; unless there has been a series of deliberate leaks, it's very sloppy for this level of info to be hitting the WSJ before the deal is finalized. 

Google Inc. is closing in on an acquisition of online video site YouTube Inc. for $1.65 billion in stock that could be announced as early as today, says a person familiar with the matter.

If the final deal is approved by both companies' directors today, they plan to announce it after the end of the regular trading sessions of the U.S. stock exchanges, the familiar person says. In the meantime, any deal could still fall apart or the terms and timing could change. Under the arrangement discussed, closely-held YouTube would at least initially retain a significant measure of independence, keeping its brand and offices. 

Source: Google Nears Deal With YouTube -

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