je.st
news
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.
Tags: report
offers
eur
dailymotion
Category:Telecommunications