BBC news have just reported that Google have purchased £883m ($1.65bn) worth of shares in YouTube, however Google have said the two companies will operate independently.
This is going to be a very interesting deal. Two of the major plays in the video sector joining partnerships, and with Google’s CEO, Eric Schmidt, joining the Apple board of directors this could mean we are about to enter another huge media revolution.
Now YouTube, Google, and Apple all in partnership together and with iTV just around the corner this could be great news for all us geeks.
But where does this leave Microsoft?
Read more here:
http://news.bbc.co.uk/1/hi/business/6034577.stm
More on the Google and Apple partnership:
http://www.webpronews.com/insiderreports/marketinginsider/wpn-50-20060918IsGooglePolishingAnAppleAdDeal.html