VEVO Looks to Raise Capital, Continues Talks with Google

Acting as the largest online destination for official music videos, VEVO is currently on the prowl

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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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