Google Acquired YouTube For $1.65 Billion

Google Acquired YouTube For $1.65 Billion

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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 [...]

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