Google executives Eric Schmidt and Tim Armstrong are set to meet this week with News Corp chairman Rupert Murdoch on the heels of the $1.65 billion sale of YouTube to the search engine giant.


Google made a huge splash on Monday when it announced the purchase of the online video hub, YouTube. By Wednesday morning, the ripple effects have already become apparent.
The term
backlash would be more appropriate, as News Corp's threat first reported in the
MySpace community will be anything but silent on this issue.
The Wall Street Journal also reports that News Corp had been in discussions earlier this year with Viacom and NBC Universal to give birth to their own YouTube competitor, but negotiations between the three companies eventually sputtered out.
With the ink barely dry on the $900 million




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