CNN Money is reporting that Google has entered talks with Youtube about a potential purchase agreement. Youtube has become an internet sensation over the past year with users from around the world posting random videos for viewing. With viewership ranging in the hundreds of millions, Youtube is not without its own controversy. Universal Studios has recently begun challenging the content on Youtube as being in violation of copyright laws and hint at possible legal action in the near future. Todays report indicates Google would pay $1.6 billion dollars for the company.