GoogTube Not Meant to Be

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Despite its $1.65bn acquisition of YouTube last November, Google is not winding down its Google Video site. YouTube will still hold video content, but Google Video will be redesigned to streamline internet video searching and index online videos. YouTube videos will show up in the Google Video search index, for instance. According to Google’s blog, YouTube “will remain an independent subsidiary of Google, and will continue to operate separately.” Google (Nasdaq: GOOG) is down over 2.5% in today’s trading.
A look ahead at Google Video and YouTube – [Google Blog]

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