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Market Update : 
Google Acquires YouTube for $1.65 B
Author: Elena Todorova
123jump.com
Last Update: 8:10 AM EDT October 10 2006



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The acquisition of the No. 1 Internet video-sharing site on the Web is the biggest deal for Google, giving the online search engine a leading role in the Internet''s online-video marketplace. The deal is expected to close in the fourth quarter. Shares of Google rose 2% to $429, and were up as much as $4 a share in after-hours trading.

 

 

 

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