Google's acquisition of YouTube for $1.65 billion will allow both companies to innovate and enhance user experiences in the online video space.
Eric Schmidt emphasized how both companies prioritize users and share similar values, which positions them as natural partners in delivering media services.
Chad Hurley expressed confidence that the partnership would provide the resources to enhance YouTube's platform for global media delivery.
The acquisition aims to combine YouTube's growing video entertainment community with Google's expertise in information organization and advertising.
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