Google Grabs YouTube

Stock quotes in this article: GOOG , NWS , CBS , V  

But Hurley said Monday that the point of those comments was that YouTube wanted to remain independent in order to continue innovating, something he said would still be the case under the Google flag.

"Now we'll be able to sharpen our focus on building new media platforms and combine with Google's experience and resources to accelerate that," said Hurley.

Shares of Google gained $3, or 0.7%, to $432 in extended trading Monday.

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