THEY DID IT! Analysis upcoming, but the Associated Press announces that Google just bought YouTube for $1.65 billion in Google stock. OMG WHAT HAPPENS NEXT? Now's the time to use that Valleywag comment account you left under the bed and predict:

  • What will happen to YouTube
  • What will happen to Google
  • How VP Marissa Mayer will spin this weeks after putting Google Video on the Google.com homepage

Google to Acquire YouTube for $1.65 Billion [NY Times]