For a long time the owners of YouTube said they did not want to sell up to another company. Then they recently changed their minds saying that they would sell, but only for at least $1.5 billion.With all the speculation over copyright issues and a lack of a clear business model many were unsure if anyone would step up for a price that high.
However, the Wall Street Journal and The New York Times reported online on Friday -- and Brad mentioned in our Sharewatch roundup -- that Google has stepped up and is now in discussions to purchase YouTube. The deal has been stated to be worth $1.6 billion in cash and stock.
Interestingly some recent stats revealed that YouTube is much bigger than Google Video and that Google sends more traffic to YouTube after MySpace.
Google obviously see a lot of value in this huge site, but there are still concerns on both sides which are well highlighted on Mark Cuban's blog.
