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According to The Wall Street Journal, Google is in talks to buy a famous video sharing website, YouTube, for US$1.6 billion. A purchase of YouTube could give a big boost to the online video efforts of Google. YouTube commanded 46% of visits to U.S. online video sites in August, according to market research firm Hitwise. That compared to a 23% share for the video activities of News Corp.’s MySpace social-networking site, and 10% for Google Video. This rumor has not yet been confirmed by either Google or YouTube.
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