Vevo’s owners are looking for a new investor to take control, according to reports, floating valuations of more than $1 billion.
Vevo is a joint venture between Universal and Sony, with Abu Dhabi Media and Google investors. Earlier this year DreamWorks Animation made an unsolicited bid for the company, but investors are arguing that potential owners cannot buy a controlling stake until the current ones rework its P&L.
The company is working with Goldman Sachs and The Raine Group to ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial