Orange, PCCW set to open talks on Dailymotion stake - report

Nieuws Breedband Wereld 16 MAR 2015
Orange, PCCW set to open talks on Dailymotion stake - report
Orange is preparing to enter 45 days of exclusive talks to sell around 49 percent of its online video portal, Dailymotion, to Hong Kong-based PCCW, people familiar with the matter told the Wall Street Journal. Orange has reportedly informed its board of plans to sign the agreement to negotiate within the coming days. PCCW's offer values Dailymotion at around EUR 250 million, including debt, according to one of the people. Orange told the newspaper that it was still talking to several potential buyers and has not yet entered into any exclusive negotiations. PCCW declined to comment. PCCW is Hong Kong's dominant telecom operator and owns Hong Kong pay TV service Now TV, digital music streaming website Moov and the Now.com pay video streaming website.

Categories:

Internet

Companies:

Orange,  Dailymotion,  PCCW

Regions:

Wereld

Countries:

Frankrijk

Tags:

Games, Portals / social media, Wireline, Wireless, M&A buyouts & divestments

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