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Is Google about to invest in music video giant Vevo?

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According to a new report, Google will take a minority stake in major music video distributor Vevo. The stake could cost the company up to $67 million and makes sense as it is becoming apparent the company is looking to move more into distribution through its YouTube brand. Vevo is the top traffic driver to YouTube with its music videos, many of which receive over 100 million hits ...

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damn vevo lol
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You mean they don't own them already?
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