The news comes after Stéphane Richard, the CEO of Dailymotion’s parent company Orange, told delegates of the Le Web conference in Paris last month that Orange would likely sign a deal in the coming weeks with “a major player in the digital economy” – with reports tipping Microsoft’s MSN is the most likely candidate.
Earlier this year, Orange was in talks with Yahoo about selling a stake in Dailymotion, though talks broke down after the controversial intervention of French minister Arnaud Montebourg, who reportedly sought to limit the extent of non-French involvement in the company.
Orange subsequently said in July that it will invest €30 million from internal resources in Dailymotion in a bid to boost the video site’s revenues from €37 million last year to more than €100 million by 2016.
17 September 2020 @ 20:26:00 UTC
17 September 2020 @ 20:00:01 UTC
17 September 2020 @ 19:25:00 UTC