Google buys digital marketing company FameBit

(Reuters) – Alphabet Inc's 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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