The Daily Swarm is reporting that My Bloody Valentine will be reuniting to perform at the 2008 edition of the Coachella Music Festival, which is scheduled to take place April 25th through the 27th in Indio, CA. The band is reportedly "close" to signing a deal that would have them headline the event. Also reported is a world tour to follow. The band has yet to comment on the rumors, and by doing so, leave thousands of indie hipsters waiting in the wings.