Apparently the rumor that Google was buying YouTube was less of a rumor than someone on the inside letting it slip out to the entire world. But now that Google's paid $1.65 billion in an all-stock acquisition—which is their most expensive purchase so far—all 67 of YouTube's employees are giving each other naked high fives and bathing in expensive champagne.

We hope that both Google Video and YouTube's quality both increase, rather than go to Shitsville, as is so often the case when the number one and number two merge. It's never pretty whenever we make a number one and a number two together. – Jason Chen

Google snaps up YouTube for $1.65B [AP via Gawker]

Thanks Ray!

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