Google to acquire video site YouTube for $1.65 billion

According to the news agency Reuters, web search leader Google Inc. on Monday said it agreed to acquire top video entertainment site YouTube Inc. for $1.65 billion (800 million pounds) in stock, putting a lofty new value on consumer-generated media sites. You can read the whole article at http://uk.news.yahoo.com/09102006/325/google-acquire-video-site-youtube-1-65-billion.html.