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Vevo looks to raise up to USD 500 mln - report

Monday 22 August 2016 | 09:33 CET | News
Online music video service Vevo has hired Goldman Sachs to raise up to USD 500 million from new investors, people briefed on the plans told the Financial Times. Vevo expects to raise USD 300-500 million for international expansion, potential acquisitions and the development of new original mobile and TV content, the report said. Vevo, which is owned by Sony Music and Universal Music, is also working on starting a paid subscription service.

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Categories: Internet
Companies: Sony / Universal Music / Vevo
Countries: World
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