Thursday, February 8, 2007

YouTube investors net millions

The investors and founders of online video website YouTube received hundreds of millions of dollars in Google shares as a result of the deal between the two companies late last year, according to new documents.

The big payout was revealed Wednesday in a regulatory filing Google made with the Securities and Exchange Commission. The paperwork offered a more detailed account than previously disclosed of the sale's beneficiaries.

Read more at FIN24.co.za

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