As the internet grows ever bigger we continue to see Google swallowing up more and more of it for themselves. As you probably guessed from the title Google has taken over You Tube for the pricey sum of 1.65 Billion USD.
The takeover sent Google shares soaring once again. Yahoo and MSN’s stock prices are down after news of the acquisition.Some more information here from major league blogger Robert Scoble about this buy out.

Here is the official Google press release. Another nice take on the situation here thanks to John Battelle
Maybe one day we won’t call it “the internet” anymore but “the Google” instead!