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Barely one year old, and without having made any profit to date, video sharing phenomenon YouTube has reportedly received an offer from Google. The pricetag on one the internet’s hottest sites — a staggering $1.6 billion.

Update: Google has officially bought YouTube for $1.65 billion in stock.

This entry was posted on Monday, October 9th, 2006 at 12:04 pm and is tagged with google, news, tech, web. You can discuss this entry, share pictures, and more in the pixelbomb forums. Responses are currently closed, but you can click here to generate a trackback url for your own site.