YouTube is making discussions on a $50 million equity investment in Vevo LLC, a music video service.
According to a source familiar with the setting, YouTube’s mother company, Google would be owning less than ten percent of Vevo. This gives Vevo an assessment of a minimum of $500 million. The discussion is still ongoing.
Moreover, the investment would be a probable part of a wider agreement in keeping the music videos of Vevo on YouTube.
Vevo, which was started in 2009, was formed by Sony Music Entertainment of Sony and Universal Music of Vivendi SA. Just last year, Google extended . . . → Read More: Google to invest in Vevo
Nokia might be falling, but it’s not yet out of the picture.
On Thursday, Nokia has reported its profits for the fourth quarter and offered increased performance for this year.
For the fourth quarter, the company was able to make total earnings of $269 million or 202 million euros, which is a huge gain over the one billion euros it has lost during the same quarter in 2011. The earnings of the company was still produced despite the sinking revenue that dropped down to ten billion euros in 2011’s fourth quarter to just eight billion last quarter.
When looked at . . . → Read More: Nokia sees hopeful signs for 2013 profits
On Thursday, Kindle Fire tablet has been sold out after less than an entire year, according to Amazon.
Amazon affirms that ever since Kindle was introduced in September of 2011, it has attracted 22 percent of the sales of the gadget.
The current IDC estimate of the shipments, Amazon could have sold way more than ten million units of the tablet. IDC estimates 51.6 million tablet units for the entire year of 2012.
CEO and founder of Amazon Jeff Bezos explained that Kindle Fire is considered sold out, but they have a very exciting plan for all their consumers. They . . . → Read More: Kindle Fire tablet sold out, Amazon
Apple Inc. released its new iPad just 6 weeks ago, but that doesn’t imply that the world is not anticipating or excited about what’s next in line from Apple tablet. Rumors regarding a smaller version of the current iPad, 7-inch in size or having a 7-inch screen is madly spreading again.
This time around the rumours comes from a couple sites. A Chinese site called Netease to begin with, which claims that there’ll be 6 million units all set for release in the 3rd quarter of 2012 though not clearly stating that it is a smaller . . . → Read More: iPad Mini is on the way Rumors Say and will Compete Against Windows 8