According to a report from The New York Post, Google’s CEO Larry Page is considering extending the company’s relationship with label-backed music-video service Vevo by possibly buying an equity stake in the venture. The report claimed that Facebook is also considering making an investment in Vevo, which is reportedly currently valued at $1 billion and run by major labels including Universal Music Group and Sony Music.

Both Google CEO Larry Page and Facebook’s Mark Zuckerberg are exploring an investment in Vevo as part of a broader partnership with the music-video service, The Post has learned.

Vevo already has a deal with Google to host its content on YouTube, but the report noted that agreement lasts only through the remainder of 2012. Vevo is reportedly negotiating with YouTube to accept lower than the two-thirds of ad-revenue it currently receives from the Vevo content that it hosts. As The Post pointed out, recent stats from comScore listed Vevo as YouTube’s top partner channel in April with 48 million unique viewers during the month. expand full story

According to the New York Post (via BGR), Amazon is getting ready to launch their rumored Android-powered tablets with a price tag “hundreds less” than Apple’s current $499 base model iPad 2. “Hundreds less” sounds a lot like $299.

The devices, expected to launch sometime in October, will more than likely be the result of the entry-level tablet codenamed “Coyote” and it’s pro-model counterpart the NVIDIA T30 Kal-El powered “Hollywood”. We told you about these devices back in May, which will most likely be powered by a highly customized Amazon version of Android (bringing with it Amazon services like the Appstore, Kindle eBook store, Amazon Videos, music and possibly brought together by the Cloud Drive).

Amazon is clearly prepping a huge move into the tablet market. We reported this week that the company signed up a third touch panel supplier, and that was after recently becoming the second largest buyer of tablet-related parts – without yet having released a tablet. expand full story