This morning, the WSJ announced Google Nears Deal With YouTube ($); now, CNNMoney among others report that Google to buy YouTube for $1.65 billion in an all stock deal. Fred Wilson said last week, the company deserved every penny. This is the first Web 2.0 deal to cross the billion dollar mark, and it has the company valued greater than Overture was when purchased by Yahoo, and Paypal when purchased by eBay. See Google's press release on its YouTube acquisition.
Geocities / BlueMountain Arts or genius? We'll see, but certainly a win for Google on many fronts.
Techcrunch has been following the story and rumors closely. See the site for more including notes from an investor call regarding the deal. From Techcrunch, "Google is hosting a conference call and webcast to discuss the deal. It is just starting now. You can hear it live at http://investor.google.com/webcast.html. If you miss it live, a replay of the call will be available until midnight Monday, October 16 at 888-203-1112 domestically and 719-457-0820 internationally. Confirmation code for the replay is 2260624."