Greasy Spoons for Silver Spoons

Forget heading out to the executive chophouses like Morton's (NYSE: MRT  ) or RARE's (Nasdaq: RARE  ) Capital Grille the next time you need to schmooze a client. If you see a Denny's (Nasdaq: DENN  ) nearby, go ahead and pull over. Seal the deal there.

In what has to be one of the more bizarre aspects of the blockbuster deal between Google (Nasdaq: GOOG  ) and YouTube, negotiations were set in motion not at a boardroom or an upscale steakhouse -- but in a booth at a Denny's restaurant near the YouTube headquarters in San Bruno, Calif.

That is supposedly where Eric Schmidt and Larry Page first offered YouTube founders Chad Hurley and Steve Chen the $1.6 billion price tag and complete autonomy in running the site.

Can you imagine that? A pair of billionaires talking to a pair of would-be billionaires about the biggest deal of their lives at the greasy-spoon haven of the Grand Slam Breakfast?

Cheap eats are apparently near and dear to the hearts of Chad and Steve. The announcement video made for YouTube users on Monday seems to have been filmed in a T.G.I. Friday's parking lot, and the giddy founders do slip in a Burger King (NYSE: BKC  ) reference.

So keep chowing down on the cheap, corporate America. Maybe one day, the Warren Buffett Buffet concept (just begging to happen) will become a reality.

For more on the YouTube saga, check out:

• Google Finally Pigs Out
• CBS Eyes YouTube
• Google Getting Into the YouTube Groove?

Longtime Fool contributor Rick Munarriz always seems to have a restaurant stock or two in his portfolio, even if he does not own any of the stocks in this article. He is a member of the Rule Breakers newsletter team. The Fool has a disclosure policy .