Google to buy video site YouTube for $1.65 billion

Quotes & News:
4:30 pm ET Oct 9, 2006

DJIA

11,857

+7.60
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S&P

1,350

+1.08
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NASDAQ

2,311

+11.78
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10Yr

4.70%

+0.002

Google to buy video site YouTube for $1.65 billion

SAN FRANCISCO -- Google Inc. said Monday it agreed to acquire privately
held YouTube Inc., the No. 1 Internet video-sharing site on the Web, for
$1.65 billion in stock.
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Market Snapshot: U.S. stocks end higher; Nasdaq at best levels in five
months

NEW YORK -- U.S. stocks ended higher Monday, with the Nasdaq Composite
at its best level in five months, as a Fed official's soothing remarks
on inflation, a going-private offer for Cablevision Systems and a $6
billion deal in the banking sector placed news of North Korea's nuclear
test on the back burner.
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Interest-rate pause "makes sense": Yellen

WASHINGTON -- Holding interest rates steady "for a time" makes sense as
monetary policymakers study data about the economy, the president of the
San Francisco Federal Reserve said Monday. .
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Dolans make new bid to take Cablevision private; shares rally

CHICAGO -- Cablevision Systems Corp.'s founding family has offered once
again to take the cable-television operator private, this time in a $7.9
billion deal that's 15% higher than an unsuccessful bid last year.