Google Buys YouTube for $1.65 Billion

On October 9, 2006, Google Inc. (Nasdaq: GOOG) announced that it had agreed to acquire consumer media company YouTube for $1.65 billion in a stock swap deal. After the acquisition, YouTube will operate independently to maintain its successful brand and passionate community. For more information on Google's official purchase of YouTube for $1.65 billion, please visit: http://www.googlejava.com/gnews/2006-10-10/134.htm