YouTube mulling $50 million investment in Vevo -- report
YouTube might soon invest some cash in Vevo, according to a new report.
Google's video site may be investing $50 million in Vevo, a joint-venture music-video site established by Universal Music and Sony Music Entertainment for music videos, according to a Bloomberg report today, citing people who claim to have knowledge of the negotiations. In return for the $50 million, YouTube would acquire less than 10 percent of the company, indicating Vevo might be valued at over $500 million.
Perhaps more importantly for Google, the deal would also ensure that Vevo's music videos stay on YouTube, according to … Read more