Google may announce deal to buy YouTube: source

Posted by From the Web

Internet search leader Google could announce a deal to buy top online video service YouTube as early as Monday, a source familiar with the matter said, following a spate of programming distribution deals that could clear legal hurdles to an acquisition,

The board of directors of both companies are meeting to vote on the estimated $1.65 billion deal, the Wall Street Journal reported on its Web site, citing an unnamed source.

Read the complete story here. (reuters via Yahoo)