Date: 10/10/06 (Java Web)    Keywords: google

Google Inc. announced today that it has agreed to acquire YouTube for $1.65 billion in a stock-for-stock exchange. Both companies have approved the deal, which should officially close in the fourth quarter. YouTube will retain its brand identity, strengthening and complementing Google’s own fast-growing video business. YouTube will continue to be based in San [...]

Source: http://blog.taragana.com/index.php/archive/google-acquired-youtube-for-165-billion/