Tech Ticker

What was a rumor yesterday has turned into reality. Google has announced its decision to buy, YouTube. The decision came yesterday and the deal was struck for a full stock transaction of $1.65 billion. This is the most expensive purchase Google has done in its eight year history. According to the deal, YouTube will be able to retain its brand name and will be operated as an independent entity. Straight from the horse’s mouth after the jump.

Press Release