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France Telecom confirms raising Dailymotion stake to 100%

Monday 28 January 2013 | 10:53 CET | News
France Telecom-Orange has confirmed press reports that it has exercised its option to raise its stake in video-sharing portal Dailymotion from 49 to 100 percent. Dailymotion is valued at up to EUR 200 million, but the operator did not tell AFP how much it paid. Now that it has full ownership, Orange has reportedly begun talks with several US companies about selling a significant stake in Dailymotion. Elsewhere, Dailymotion company secretary Guiseppe de Martino told AFP that the company will open a 600 sq mt production studio in Paris by May.

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Categories: Internet
Companies: Dailymotion / France Telecom / Google / Orange
Countries: France / World
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