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Vivendi closes acquisition of 80% of Dailymotion

Wednesday 1 July 2015 | 08:38 CET | News
Vivendi has closed its acquisition of an 80 percent in video portal Dailymotion from Orange for EUR 217 million. Under its new majority owner, Dailymotion will be able to accelerate its growth and continue its international expansion. It will gain access to music and audiovisual content from Vivendi subsidiaries Universal Music Group and Canal Group, which which it will co-develop original content and formats to meet the expectations of a new generation of digital consumers. Vivendi benefits from an international OTT distribution platform and technological expertise. The companies entered

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Categories: Internet
Companies: Canal Plus / Dailymotion / Orange / Universal Music / Vivendi
Countries: France / World
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