Brad blogged it in our Sharewatch last week, and Chris mentioned it again yesterday -- and now it's official: Google has purchased video-sharing website YouTube for $1.65billion of Google stock options.
According to a statement from Google, the two companies will continue to operate independently, a situation which will undoubtedly change as things progress and the web reacts to the news.
As I mentioned in my post earlier this evening, this puts Google in pole position in the race to act as a market leader in the rapidly-increasing world of video-on-demand in the coming months and years.
