Google-YouTube merger clears antitrust review

Google received the green light Friday from antitrust regulators reviewing its $1.65 billion acquisition of video-sharing site YouTube. The Federal Trade Commission listed the transaction on its list of deals that received an early termination notice, which means the FTC and Department of Justice have completed their review of the proposed merger and decided not to take further action.

Google's megadeal with YouTube, announced last month, will give it a major presence in online video. When Google announced the deal, it anticipated the transaction would close by the end of the year.