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Report: Google In Talks To Acquire Next New Networks Inc

     
3:37 pm on Feb 11, 2011 (gmt 0)

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Report: Google In Talks To Acquire Next New Networks Inc [online.wsj.com]

Internet companies are stepping up their race to gain scale in media, as slower growth forces them to hunt for visitors and advertisers.

Google Inc. is in late-stage talks to acquire video website Next New Networks Inc., according to people familiar with the matter. A deal could be unveiled in the coming week, these people added.

The Internet giant is expected to pay in the tens of millions of dollars for the New York-based company, seeking to acquire some expertise in landing more professional content for its video site, YouTube, these people said.