UPDATE: (Jan. 19) I am now 95% sure this rumor is innacurate after receiving yet more information.

UPDATE: (Jan. 18) This rumor is highly speculative at this point after reading additional emails I’ve just received:

Rumors are flying that Silicon Valley based YouTube (profiled here) has signed an agreement to be acquired.

Whoever the buyer may be, it’s not News Corp. They have confirmed directly to me it has not acquired YouTube.

YouTube raised $3.5 million in venture capital just three months ago from Sequoia. It was founded in February 2005.