Update: Google has now bought YouTube. Get all your information here.
A lot of internet buzz is happening around a possible acquisition by Google of You Tube. The estimated price that it will sell at is likely to be $1.6 Billion but some reports say that the price could go even higher if other players like Microsoft, Yahoo and News Corp get in the game as well.
For more information you can read this post and this one too.
Also the New York Times has reported as well on it.
Personally, I wouldn't want Google to buy it out because they would probably put in their labs section along with the rest of the stuff that sits there. But hey, if that much cash is on offer who cares where they put it after they buy it 
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