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In this video tutorial, the process of changing the ownership of a Google Sheet to a new user is demonstrated. To do this, the user needs to open the Google Sheet, select file, and then share. By entering the email address of the new owner, a message can be optionally written before sending the invitation. After the new owner's email address appears as an editor, the user can select the drop-down menu and choose to make them the owner. A warning message is displayed about the new owner having full control over the file, including the ability to block access. If the decision is final, the user can proceed by selecting yes.