Google is buying video-sharing website YouTube for $1.65bn (£883m) in shares after a weekend of speculation that a deal was in the offing. The two companies will continue to operate independently, Google said as it announced the news on Monday.
YouTube has become an immensely successful site. It now sees over 30 million visitors a month and in 2006 it was sold to Google for $1.77 billion dollars. Online video is an absolutely huge and growing market and there are
