Exposed: How Israeli Spies Control Your VPN
(www.mintpressnews.com)
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You're on the right track, but consider this. If you were a spy agency, would you hack all the VPN traffic, or would you simply own the VPN company and just look at the traffic in the clear? Combine this with the fact that VPN service is laughably cheap (like $30/yr) and I've never had a rate increase and I think you have your answer.
Yes, owning the company that provides the VPN service is the way to go. The same applies to Internet security certificates. Why try to break the code when you can issue the certificates in the first place?