Vevo Owners Said Close to Hiring Goldman to Explore Sale
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Vevo LLC’s four owners are close to hiring Goldman Sachs Group Inc. to explore sale options for the music video-hosting service, according to three people familiar with the matter.
The sale of a majority stake is being considered among those options, according to the people, who asked not to be identified because the process is private. Vevo is co-owned by Vivendi SA’s Universal Music Group, Sony Corp.’s Sony Music Entertainment, Google Inc. and Abu Dhabi Media Co.