Google And Facebook Reportedly Plans To Invest In Vevo

Posted on Jun 1 2012 - 12:21pm by Editorial Staff

The New York Post reports that both Face book and Google are looking to invest in Vevo, an online music video service. Citing “sources,” Vevo has hired investment bank Allen & Co. to explore possibilities and find out to go for either partial or full sale. Another “unnamed source” suggests that talks had take place but it was not known how serious either of companies was in to buy a stake.

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