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YouTube Angling For $50M Vevo Investment

  • Bloomberg, Wednesday, February 6, 2013 11:24 AM

YouTube is reportedly in talks with Vevo over a $50 million equity investment in the popular music video service. Per the terms of the would-be deal, YouTube parent Google would own less than 10% of Vevo, giving the company a valuation of at least $500 million, Bloomberg reports, citing sources. “The investment would be part of a broader contract to keep Vevo’s music videos on YouTube,” Bloomberg writes.

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