My Way Finance: "NEW YORK (Reuters) - Internet search leader Google Inc. (GOOG) could announce a deal to buy top online video service YouTube Inc. 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.
YouTube has been the target of criticism in the media industry for allowing pirated video clips to be uploaded and viewed on its service.
The programming agreements follow media reports that Google is in talks to buy the 19-month old YouTube, which lets users share home-made videos. If consummated, Google would vault to the top of the Internet video sector, ahead of Yahoo Inc. (YHOO) and Time Warner Inc.'s (TWX) AOL."
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