Video sharing website, Youtube, is set to sponsor the new U.S. Formula 1 team USGPE (formerly US F1), which will join F1 in 2010.
YouTube co-founder Chad Hurley has had meetings with the USGPE team and Youtube is likely to sponsor the car.
Although there has been speculation about this for a while now, it appears that everything has been finalized now and Youtube will be a major sponsor in Formula 1 next season.
When it happens, it will be the first time that an internet-based company will be represented on the F1 track.
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