YouTube in Talks to Buy Company That Produced Bed Intruder

The potential acquisition of Next New Networks would be the first time YouTube has purchased a company that produces video.

YouTube is in talks to buy New York-based video site Next New Networks, which produced viral hits Bed Intruder and Double Rainbow,  the Los Angeles Times and the New York Times report.

The potential  acquisition would be the first video site purchased by YouTube, which signals its transition from an outlet for amateur videos into a destination for all video, including professionally created ones, on the web.

Next Now Networks has received more than a billion views on YouTube and on the web. It's also behind the popular Auto-Tune the News, which has featured anchors like Katie Couric rapping.

YouTube spokeswoman Victoria Grand and Next New Networks both declined comment to the L.A. Times.