20 10 09

Vevo gets funding from Abu Dhabi at $300m valuation

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What does soon-to-launch music video portal Vevo have in common with UK football club Manchester City? No, it's not Craig Bellamy. Both are funded from UAE emirate Abu Dhabi.Vevo has just taken an investment from the government-owned Abu Dhabi Media Company, which although undisclosed, apparently values the venture at $300 million. ADMC bought a stake…

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