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Google to buy YouTube?

Google is currently in talks to snatch up YouTube for $1.6 billion, TechCrunch is reporting. The blog's source says discussions are taking place and there is still a possibility the deal may not go through.

Google refused to comment on the rumor, and YouTube was not available for comment, according to a follow-up item in the Wall Street Journal.

Visitors to YouTube, founded in February 2005 by Steve Chen and Chad Hurley, watch more than 100 million videos a day.