TechCrunch: Orange Buys Dailymotion for $168 Million

by Staff Report 0

TechCrunch reports that Orange has acquired the remaining 51 percent stake of Dailymotion for $168 million. Two years ago, Orange acquired 49 percent of Dailymotion for $78 million. Dailymotion is a video sharing service with over 2.5 billion video views per month and more than 100 million unique visitors. An Orange spokesperson in a statement said, “Since January 2013, Orange has increased its stake in Dailymotion to 100% (following an initial acquisition of 49% in April 2011). It is not our ambition or our role to remain a 100% stakeholder of Dailymotion and we are currently working to find the right partners. Obviously we cannot comment on this until a deal has been reached but it is clear that to accelerate the development of the company, Dailymotion needs to find a solid strategic partner, probably American, that is capable of opening the doors to the US market.” Read more

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