Google is in talks with a group of tech investors to buy up YouTube for $5.6 billion, according to sources familiar with the talks.
Google’s acquisition is expected to close in the third quarter of 2018.
Sources familiar with Google’s plans said that it will acquire YouTube through a combination of private equity and venture capital, which will be led by private equity firm Bain Capital and venture-capital firm Andreessen Horowitz.
Google has been buying up video-sharing sites like YouTube for years and recently said it plans to spend $1 billion to buy video-streaming company Vimeo.
Google acquired the video-sending service in 2016.
In addition to acquiring the video service, Google is also reportedly interested in acquiring a large number of other online video services, including Vimeo, Netflix, Amazon and other digital platforms.
Google would also likely like to buy some of the smaller video-hosting platforms that have emerged to rival YouTube, including BitTorrent, Vimeo and Vimeo Stream.
However, Google has not made a formal offer for YouTube and has not announced any plans to do so.
The company is also currently shopping to acquire an unspecified number of online video-service providers, sources familiar said.
Google declined to comment on the reports.