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-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 04:41 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

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 1329126088819 ms.