Google's

Investor's Business Daily

Google's (GOOG) YouTube renewed its contract with Vevo, giving Google a 7%-10% stake in the music video platform for $50 mil, according to reports on TechCrunch.com and VentureBeat.com. The deal keeps Vevo content on the YouTube platform, where Google can benefit from ad sales. Shares rose 0.5% to 886.43.

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