Video sharing goes to Google?

Yahoo just bought Jumpcut – for an undisclosed sum. This makes Youtube one of the few big indies in this space. So what is poor Google to do but bid for Youtube.

TechCrunch posts that there are rumors that Google’s going to acquire Youtube.

The Wall Street Journal is now reporting this as well, saying “Google Inc. is in talks to acquire popular video-sharing site YouTube Inc. for roughly $1.6 billion, according to a person familiar with the matter. The discussions are still at a sensitive stage and could well break off, this person says.”

I bet a few heads in Google Video should roll. They had a distinctive advantage with Google Video and they totally missed the boat.