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Tag: dailymotion
Orange, Vivendi enter exclusive talks for 80% of Dailymotion
2015-04-07 20:51:00| Telecompaper Headlines
(Telecompaper) Orange and Vivendi have entered into exclusive negotiations regarding Vivendi's acquisition of 80 percent of video portal Dailymotion for EUR 217 million, corresponding to a EUR 265 million enterprise value for Dailymotion. Orange will keep 20 percent in the company. For Orange, which has accompanied the successful development of Dailymotion since 2011, this operation meets the group's ambition to bring Dailymotion together with a strategic content-focused partner that is capable of giving it the means to accelerate its growth and to turn it into one of the world's largest content distribution platforms. The operator will use its 20 percent holding to accelerate Dailymotion's international growth and to enhance its content offer. Orange will use the proceeds of this transaction to finance and reinforce its efforts in the digital ecosystem. For Vivendi, the acquisition of 80 percent of Dailymotion represents an important step forward in its effort to create a global group and French champion in the media and content industries.
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Vivendi offers EUR 250 mln for Dailymotion - report
2015-04-07 08:33:00| Telecompaper Headlines
(Telecompaper) The board of Orange is meeting on 7 April to consider a EUR 250 million offer from Vivendi to buy 100 percent of video portal Dailymotion, writes Les Echos, citing "several sources". Orange invested EUR 160 million in Dailymotion after a deal to sell it to Yahoo! fell through over government opposition to selling a French digital 'success story' to foreign owners. The 25 percent-State owned operator would make its money back, and more, if it accepted Vivendi's offer. Vivendi, Orange and Dailymotion refused to confirm the information. Les Echos also writes that Hong Kong conglomerate Hutchison Whampoa has pulled out of talks to buy a minority stake in Dailymotion after interior minister Emmanuel Macron said the company should remain in European hands.
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Vivendi confirms Dailymotion offer, faces competition
2015-04-07 02:00:00| Total Telecom industry news
French firm says it has approached Orange about video sharing site, German firm also in the running, according to press reports.
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Orange negotiates 217m Dailymotion deal with Vivendi
2015-04-07 02:00:00| Total Telecom industry news
French telco enters exclusive talks with media company about sale of 80% stake in video sharing site.
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PCCW Won't Bid for Dailymotion Stake
2015-04-06 15:01:40| Telecom - Topix.net
PCCW Ltd. said Monday it withdrew from discussions to purchase a stake in video-streaming site Dailymotion from Orange SA after the French economy minister spoke out in opposition to the bid from the Hong Kong-based telecommunication company. "[A]n environment where policies appear to favour a French or European solution is discouraging for international business participation," PCCW said in a statement.
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