Yes, Google decided to buy it for US $1.65 billion. YouTube is now a part of Google's subsidiaries.
Yea to think google bought it only one year later for over a billion dollars, pretty insane but a good purchase.
I love watching youtube videos, when i start i cannot stop its like a endless recommendation loop :D Indeed, it was made by former PayPal employees in February 2005. Yes, its the most viewed multimedia place, if you can call it that way, in the world!
Google bought the site in November 2006 for US$1.65 billion; YouTube now operates as one of Google's subsidiaries.