I Google, You Tube

Google Video is a bit of a flop, and I don't know how this plays into Google's strategy but... It seems Microsoft, Yahoo and News Corp. may also be considering the purchase.

Internet search leader Google Inc. (...) could announce a deal to buy top online video service YouTube Inc. as early as Monday, a source familiar with the matter said, following a spate of programming distribution deals that could clear legal hurdles to an acquisition,

The board of directors of both companies are meeting to vote on the estimated $1.65 billion deal, the Wall Street Journal reported on its Web site, citing an unnamed source.

Update: Done Deal! Google has purchased YouTube for $1.65 billion in a stock-for-stock transaction. I always find it a little funny to think of stock exactly like money, but there you go.