Google, YouTube Deal Given Go-Ahead

Google on Friday received approval from the United States Department of Justice and the Federal Trade Commission to go ahead with its proposed $1.65 billion buyout of popular video sharing site YouTube. No antitrust issues were raised by the agencies.

Although no official announcement was made, the antitrust review was mentioned in the FTC's daily publication of transactions. When the deal was announced last month, Google said it expected it to close before the end of the year. The company plans to keep Google Video as a separate product.

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