Welcome to WebmasterWorld Guest from 54.225.58.238

Forum Moderators: goodroi

Message Too Old, No Replies

Report: Google's YouTube In Talks To Invest $50 million In Vevo

     
7:09 pm on Feb 6, 2013 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:23150
votes: 344


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]