Google's YouTube To Buy Vevo Stake

M&M Global , Sunday, January 20, 2013 10:58 AM
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Google-owned online video giant YouTube is poised to take a close to 10% minority stake in Universal and Sony’s joint music video site Vevo, for approximately $50m. According to reports, the deal is understood to include renewing an existing three-year agreement between the two companies, in which YouTube distributes Vevo music content across its site.

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