Google buys digital marketing company FameBit
A security guard keeps watch as he walks past a logo of Google in Shanghai, China, April 21, 2016. REUTERS/Aly Song/File Photo
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(Reuters) - Alphabet Inc's (NASDAQ: GOOGL) Google said it has bought FameBit, an online technology platform that connects brands with YouTube stars to create promotional content.
In a blogpost on Tuesday, Google said the combination would help increase the number of branded content opportunities available, bringing more revenue to YouTube. (http://bit.ly/22KeLVl)
Google did not disclose the financial terms of the deal.
FameBit will remain a standalone operation for now, it said in a blog post. (http://bit.ly/2du8WJr)
(Reporting by Rachit Vats in Bengaluru; Editing by Shounak Dasgupta)
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