Google contemplates buying You Tube

THE NORMALLY reliable Wall Street Journal said Google might buy popular vid-site You Tube for $1.6 billion.

We floated this rumour earlier today, here.

The newspaper claimed the talks are at a delicate stage and the deal might fall through.

The original story came from the Tech Crunch bog, and Google is refusing to comment on speculation and rumours.

Has Google got an Intel rep working for it now? That's INTC's phrase. Stock prices of Google (tick: GOOG) flew up eight bucks on the news. But one share of GOOG is still way less than an ounce (oz) of gold. Never mind a brick. µ

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See Also
YouTube safe in analyst's hands
Intel's Otellini a director at Google