1:42 PM YouTube (GOOG) has agreed to buy a minority stake in top music video site Vevo, AllThingsD's Peter Kafka reports, though he adds a deal isn't finalized. The NY Post reported last May Vevo, which drives plenty of YouTube traffic through an existing partnership, was talking with both Google and Facebook about an investment. YouTube is already pouring hundreds of millions into professional content investments, spending that generally seems to be paying off. Read comments
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Press Releases on GOOG
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- Google Announces Date of Fourth Quarter 2012 Financial Results Conference Call (Business Wire)
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StockTalk on GOOG: GOOG StockTalk | Twitter GOOG | Twitter $GOOG | GOOG Instablogs
Recent Market Alerts on GOOG: All currents | Earnings | Dividends | M&A | On the move
Transcripts on GOOG
- Google's CEO Discusses Q3 2012 Results - Earnings Call Transcript
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