Apparently Google has just bougt YouTube for a cool $1.65 Billion in stock.

What does this mean for Google Video and YouTube? I’m not too sure at this point. I do know that it means that Google has purchasedly one of the most popular video sites on the internet.

I also know that it will probably mean lots of legal headaches for Google due to all the copyright infringement that takes place on YouTube. Google and YouTube both took steps today to include Sony and Warner Music Group content on both of their sites, so that helps with some of the legal issues.

This also means that Google is one step closer to ruling the world…err “organizing the world’s information and making it readily accessible.”