Orange to take full control of Dailymotion ahead of finding new investor

Orange plans to go ahead with a plan to exercise its option to increase its stake in video sharing site Dailymotion from 49% to 100% before finding a new American partner to invest in the company, according to French press reports.

According to reports, Orange will take full control of Dailymotion and then decide how big a stake to relinquish depending on the identity of any partner it finds to develop the company.

Dailymotion is reportedly also planning to open a production studio in Paris. According to the reports, the 600 square metres studio will be opened between now and the end of May.