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GoogTube would have to wipe out 80% of the copyrighted material on the nascent video-sharing site, and then what? If they don't take them down proactively, then GoogTube would be a juicy target for lawsuits.
Still, who wouldn't want to buy the hottest online asset today? At Google's Zeitgeist event this week, every media executive fell over themselves to talk to YouTube founders Chad Hurley and Steven Chen. It was obvious that there were overtures. Michael Moritz, partner at Sequoia Capital, an early investor in YouTube, told an interested buyer attending the Google event that YouTube's not selling...
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