PR Differently reports that the WSJ has Google buying YouTube:

Journal is reporting Google might acquire You-tube, a deal worth a reported $1.6 billion dollars.

Hmm - if that's true, we'll get to see whether Calacanis and Cuban are correct: their theory is that any deep pocketed acquirer of YouTube will be sued over copyright infringement immediately. Now, Google could probably withstand that, but the question is: why would they want to? Has Google already gone to the RIAA and MPAA and made nice ahead of this deal?

Update: Interesting: Calacanis thinks Google would be a good home for YouTube, and lays out some reasonable thoughts on why he thinks so

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