Music video streaming platform Vevo is no longer for sale, according to sources close to the New York Post. The sales process was lead by Goldman Sachs and Raine Group. Owners Sony Music Entertainment, Universal Music, Google and the Abu Dhabi
Music video streaming platform Vevo is no longer for sale, according to sources close to the New York Post. The sales process was lead by Goldman Sachs and Raine Group. Owners Sony Music Entertainment, Universal Music, Google and the Abu Dhabi
Now Vevo's owners want to find a new investor to take control of the company, and are floating valuations of more than $1 billion. But before they can get that, they are trying to figure out how to rework the money-losing business so a new owner has a
The owners of the popular music and video streamer have ended the sales process after deciding that the five-year-old property is poised for continued rapid growth, several sources told The Post on Monday. Convinced of Vevo's continued success, the
Vevo is a joint venture, controlled primarily by Universal Music, the world's largest music label, and Sony Music. Abu Dhabi Media is also an investor, as is Google, whose YouTube site is Vevo's primary distribution network.