YouTube has renewed its agreement with music video service Vevo and is making an estimated $50 million investment. This investment gives Google a 10 percent stake in the company and puts Vevo's valuation at about $500 million.
Google renews contract with Vevo and invests $50M to keep it away from rivals
Venture Beat - 3 Jul 2013 05:00
YouTube has renewed its agreement with music video service Vevo and is making an estimated $50 million investment. This investment gives Google a 10 percent stake in the company and puts Vevo's valuation at about $500 million.
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