VEVO Looks to Raise Capital, Continues Talks with Google
By Jonathan Sawyer / News / February 15, 2013 / 316 Views

Acting as the largest online destination for official music videos, VEVO is currently on the prowl for new investors, moving forward. In hopes to expand internationally, the now Universal Music Group and Sony Music Entertainment-owned outlet is expectantly in talks with Google regarding a $50 million investment for 7% of VEVO. Roughly a dozen other companies have been contacted for potential partnerships as well, as the deals are not expected to be completed for weeks or months, even. Currently, neither VEVO nor Google have come forward to comment on the situation.

Source: Billboard

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  • sincere

    Vevo, no one likes you.

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  • http://www.facebook.com/profile.php?id=100001091970089 Almi Antony

    Vevo what are you doing? STAHP...STApH IT PLEASE

  • Meyer Wolfsheim

    Approximately $750 m valuation. How are their revenues being generated? I assume taking advertising revenues, of which a portion is then distributed to artists. An over dependence on YouTube; a Zynga to a Facebook. Where are its growth opportunities?

    I welcome the day Vevo crashes and burns.

    Wolf

  • J__S

    The article sourced is from 2011, everyone relax.