Vevo Looking for a Suitor

According to the Business Insider, Vevo, one of Youtube's largest music video services, has hired both Goldman Sachs and Raine Group to begin the search for possible suitors interested in either a minority or controlling stake in the company. The price tag for Vevo could reach as high as $1 billion or approximately three times its gross revenue. This shows a significant increase from the valuation of $650 million it received just last year when Google GOOG invested in the company. Potential buyers and financial investors for the company include Amazon AMZN, Yahoo! YHOO, DreamWorks Animation DWA, and Liberty Media LMCA as well as the Carlyle Group and Perter Chernin, according to the Business Insider report.