Viacom-YouTube Update: VCs Will Have To File With Court On Decisions To Back YouTube, Sell To...

Tuesday October 7, 4:43 pm ET By Staci D. Kramer YouTube's VC backers are being asked to explain to a federal court why they invested in the video venture—and why they sold to Google (NasdaqGS: GOOG - News). As part of the $1 billion lawsuit Viacom (NYSE: VIA - News) filed against YouTube and Google in early 2007, MarketWatch reports , Viacom wants documents from Sequoia Capital, Artis Capital Management and TriplePoint Capital "related to the firms' "actual and potential" investment in YouTube, Google's acquisition... [read full story]                    

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