$500M YouTube legal reserve - rumour denied - then confirmed

It is obvious to everyone and their dog that someone is going to sue Google's new puppy YouTube. It's just a case of when and how much. Mark Cuban's source said a reserve of $500 million is part of the $1.65 billion purchase price. Google CEO denied it:

"The former is not true," Schmidt said in response to the question of whether "a very large sum of money was set aside to buy peace" between YouTube and big media companies.

Now Google is confirming it, seemingly making Schmidt a liar, unless the actual $200 million figure is not "a very large sum of money" in Google's eyes!

Regardless, Google is taking a huge risk with this one, but at least they have stopped someone else from owning it. And they still have a lot of cash left...