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U.S. regulators clear Google's YouTube deal
POSTED: 9:42 a.m. EDT, November 7,2006

U.S. antitrust regulators has cleared Google Inc.'s 1.65 billion dollar purchase of online video- sharing company YouTube Inc., The Wall Street Journal reported on Monday.

The report said that a transaction involving Google and YouTube was listed on the Federal Trade Commission's daily publication of transactions whose reviews have been terminated.

Google, Mountain View, Calif., agreed early last month to acquire YouTube, of San Mateo, Calif., from its founders for 1.65 billion dollar in stock.

On Tuesday, the FTC approved related transactions between Google and YouTube's co-founders Steve Chen and Chad Hurley, who started the venture in Hurley's garage last year. Also Tuesday, the Justice Department gave its approval to Google's bid for YouTube.

From:xinhua
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