Picture this. You're hanging out, doing some Gmailing and Googling to find this one Parks and Recreation clip on YouTube. (Ugh, YouTube never has the good teevee clips because of all that copyright business.) Hulu has it. In fact, they have entire episodes. So you copy the URL for the "Freddy Spaghetti" season finale, jump back to Gmail and -- Wait, maybe it's better to post this to Facebook. That way people can watch it and make some jokes about how much they love Lil' Sebastian, the little miniature pony, and it would almost be like you were sitting around a living room with your friends on couches and sort of hanging out like kids used to do.

Google's thought about this scenario, and presumably, so has Hulu. The pioneering video site has lawyered up in anticipation of an acquisition, and folks in both Hollywood and Silicon Valley are speculating like crazy over who the buyer might be. Unnamed "people familiar with the situation" told The Los Angeles Times that it's Google. A couple of weeks ago, anonymous sources also said that Yahoo was going to buy Hulu, but nevermind that. Google makes much more sense, especially in light of the launch Google+, a new social layer for all Google products.

Read the full story at The Atlantic Wire.