Orange to buy 30-50% of Dailymotion - report

Monday 24 January 2011 | 09:17 CET | News
Orange will acquire 30 to 50 percent of French-headquartered international video-sharing platform Dailymotion for under EUR 75 million in cash, L'Express reports. An official announcement is expected on 25 January. The move will strengthen the finances of Dailymotion, which has reached breakeven and is the world's second most popular service of its kind after Google's YouTube. France's sovereign investment fund, the Fond Strategique d'Investissement (FSI) already injected EUR 7.5 million into Dailymotion along with venture capitalists in October 2009. Les Echos writes that Orange's interest

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