Dailymotion: Orange close to reaching agreement with Canal Plus and Microsoft
Listed French telecoms group Orange, is understood to be close to reaching an agreement for the sale of a minority stake in online video website Dailymotion, French daily Le Figaro reported. The report, which did not reveal its source of information, said that Canal Plus, the French television broadcaster, could acquire a 40% stake in Dailymotion, while Washington-based software giant Microsoft, could take a 10% stake, leaving Orange with the remaining 50%.
Dailymotion generates annual revenues of EUR 40m, the report noted.
Source Le Figaro