Why Tube?

So, with all the popularity of YouTube getting more day by day, why should they give themselves into Google? On the other hand, is Google not in a great position to compete with YouTube?

Isn't Google moving towards a competition for the phenomenon called Television? I guess that is where this online video community is going to. And no wonder Google wanna take a bite in this apple - A site where like 100 million videos are seen daily & yet, 60000 videos are uploaded daily...

But the issue is why didn't Google's video website gain the same popularity as YouTube. Though they have come late into the market, they still have success written all over their history in similar situations. Why this business decision to buy up for USD1.65 Billion - a largest in the history of Google too?