So there was a rumor going around that Google was buying iTunes.
This is not true!
However, Google is buying the popular online video sharing site YouTunes.
The deal is going through for an astonishing $1.65 BILLION. The transaction will be a stock-for-stock transaction. However, there is no guarrantee when the transaction so fully go through. The paperwork is expected to go through by the end of fourth quarter 2006. Full story is located below.
FULL STORY
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