Google buys video site YouTube.( )(Brief article)

Web search giant Google has bought video-sharing site YouTube for $1.65bn in an all-stock transaction. YouTube, which claims up to 100m video views daily less than two years since the company's formation, had been the subject of significant speculation. Yahoo reportedly also presented itself as a potential buyer. The acquisition by Google will alleviate financial concerns over heavy bandwidth and storage costs for YouTube--costs that have so far rendered the business a loss-making venture--as well as providing YouTube with a greater degree of legitimacy in its attempts to attract