This is a crazy world

DAMMM GOOGLE!!! They bought over Youtube for $1.65 BILLION. MAN, this company is really crazy. I was so happy to see that at least one company is there which has successfully killed any of Google's recent service i.e. Google Video but here it goes..... and this is the biggest purchase in the history.

The all-stock deal was announced on Monday. It came just a few hours after YouTube unveiled three separate agreements with media companies to counter the threat of copyright-infringement lawsuits.

“This is the next step in the evolution of the Internet,” Google CEO Eric Schmidt said and why he feels so? Because google thinks that more viewers and advertisers will move from television to internet.

As of now, both the brands (youtube and google video) will co-exist and deal will be concluded by the end of this year.