Google's YouTube helps the real estate market


Other than Sequoia Capital, there was another investment firm that invested in YouTube -- Artis Capital Management. This is according to a report in the San Francisco Chronicle.

However, there is no indication of how much Artis made when Google bought YouTube for $1.65 billion, but it was enough to allow its president, Stuart Peterson, to buy a $20 million house.

The house was owned by the famous tennis legend, Andre Agassi. Apparently, he has been trying to sell the place for the past few years. The main house -- which is about 10,500 square feet -- is on a 3 1/2 acre lot.

Of course, the house is decked-out with a tennis court and a home theater, where Peterson can watch his YouTube videos.

Tom Taulli is the author of various books, including the Complete M&A Handbook and operates InvestorOffering.com.

Symbol Lookup
IndexesChangePrice
DJIA-12.6715,294.50
NASDAQ-3.883,459.42
S&P 500-4.841,650.51

Last updated: May 24, 2013: 05:38 AM

Hot Stocks

General Electric

23.66-0.20(-0.84)

Alcoa

8.54-0.15(-1.73)

Apple Inc

442.14+0.786(+0.18)

Google Inc 'A'

882.79-6.63(-0.75)

Bank of America

13.21-0.10(-0.75)

Wal-Mart Stores

76.33-0.70(-0.91)

Exxon Mobil Corp

91.79-0.40(-0.43)

Ford

14.81-0.16(-1.07)

Citigroup

50.53-0.47(-0.92)

IBM

206.16-0.83(-0.40)

Yahoo

26.02-0.52(-1.96)

Starbucks

63.52-0.63(-0.98)

Microsoft

34.15-0.46(-1.33)

Home Depot

78.91-0.78(-0.98)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1369388318289 ms.