Vevo requests $100 - $150m equity financing for US expansion plans
Monday, Jul 9th 2012 at 10:39AMBoth the Wall Street Journal and Los Angeles Times say that the video streaming platform is "close to" raising between $100 - $150 million.
The new terms would reportedly value the company at nearly $1 billion. Allen & Co. have apparently valued the video company at $700 million to $800 million.
Sources say that Vevo owners, Universal Music Group, Sony Music and and Abu Dhabi Media, are not planning on selling their stakes in the company.
Other possible investors in ...
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