Well, it seems this story is not going away any time soon. As it picks up steam it also seems to have picked up a lot of credibility. The NY Times is reporting that Google and YouTube! are both holding seperate shareholder meetings today to approve the deal. The announcement could come as early as tonight or as soon as these meetings come to a close.

The offer being thrown around at a variety of sources is roughly 1.6 billion dollars. Not bad for the geniuses behind YouTube.

Everyone, knows that Google Video, a video uploading service from Google hasn’t been anywhere as successful as YouTube and if YouTube was bought by Google, it would put Google back in the number 1 position for finding and uploading videos.

One must understand that this as it stands is still a rumor, however, it is steadily gaining ground. If an announcement is made, it would be a huge move for Google.