Portal YouTube has extended an agreement with the service Vevo, delivering record video clips on the popular video hosting.
As part of the agreement signed Google and Vevo, the first investment will support the musical project. By estimates of the magazine Billboard, the size of the support will be 40-50 million dollars.
Recall that Vevo is a joint venture between the companies Universal Music, Sony Music Entertainment and Abu Dhabi Media Group. The official size of the investment was not disclosed.
"We have made some investment in Vevo", - stated in YouTube. "We are delighted with the prospects that can provide Vevo and YouTube co-user audience."
The industry rumors and possible investment by Google in the service Vevo have been for the past few months. Moreover, a year ago, The New York Post reported that Google has agreed with the assessment, according to which the cost of Vevo $ 1 billion, and at this price, the Internet giant will buy shares in the joint venture. Also, a number of sources claim that the social network Facebook, and may invest in vevo certain amount.
Yahoo bought the company Qwiki
Yahoo announced the purchase of a mobile startup Qwiki, developed the iPhone-application that allows users to convert photos, music and videos in a small movie mounted. This acquisition adds to previously made a series of acquisitions aimed at socializing functional Yahoo. Over the past few weeks, Yahoo bought a number of companies, including Tumblr, Bignoggins and others.
Amount of the transaction to purchase Qwiki not disclosed, but is estimated publication AllThingsD, it was 40-50 million. In a statement, Yahoo said the company will continue to support the application Qwiki, a New York-based design team will work with Yahoo.
Recall that Yahoo is one of the earliest online players of the market. At the stage of rapid growth, the company has taken a significant position, but in recent years, under pressure from companies like Facebook or Google, it has lost much of its potential. A year ago, Yahoo topped Marissa Mayer, who now leads the strategy of restructuring the company, at the same time absorbing the smaller companies that have a long-term development of its portfolio.
Since taking office, Meyer, Yahoo bought a number of start-ups, such as Alike, Stamped, Snip.it and Summly, in addition, in May this year, the company has completely revamped photo sharing site Flickr.
SanDisk Acquires Storage Systems for 307 million dollars
SanDisk, maker of flash memory chips for mobile devices, buys Storage Systems for 307 million dollars. This absorption can get SanDisk technologies that improve the performance of its products. The transaction has been approved by the two boards of directors and must be closed in August of this year. Under the deal, about 250 employees will move to the Smart Storage SanDisk.
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