Further reading: Google revamps YouTube and Microsoft teams up with Toyota

Tech news from around the web:

  • Google is working on an overhaul of YouTube to take advantage of the WebTV explosion, the Wall Street Journal reports.  The online company is also planning to spend as much as $100m to commission low-cost content designed exclusively for the web.  Meanwhile, The Hollywood Reporter says that Google is planning to open an office in Beverly Hills.
  • Sprint Nextel and Verizon Wireless have cut the price of the Samsung Galaxy Tab tablet computer for the second time this year, Bloomberg Businessweek reports. The move is in response to the competition from Apple’s revamped iPad, Bloomberg says.
  • Business Insider is reporting on an internal debate raging within Microsoft over whether the company should open more retail stores. Chief executive Steve Ballmer and chief operating officer Kevin Turner are both keen to match – or even beat -  Apple’s retail presence of over 300 stores, according to the report.

From the FT: