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Google Inc.ís YouTube is negotiating a $50 million equity investment in music video service Vevo LLC, according to two people with knowledge of the situation.
Google would own less than 10 percent of the company, giving Vevo a valuation of at least $500 million, said the people, who asked for anonymity because negotiations are still early and an agreement may not be reached. Report: Google's YouTube In Talks To Invest $50 million In Vevo [bloomberg.com]