Vivendi to acquire Dailymotion for EUR 250m – reports (translated)
Listed French Telco Orange is understood to be close to finalising the sale of the French video-streaming site Dailymotion, to the listed French music and TV group Vivendi, French daily Le Figaro reported. The report, which did not reveal its source of information, said that the board of Orange is meeting today (Tuesday) to approve the transaction, which could amount to EUR 250m.
The report noted that Vivendi also owns shares in music streaming specialist Spotify.
A Financial Times report said Vivendi would acquire a stake of 75% to 80% in Dailymotion, should the deal go ahead. The newspaper cited people familiar with the situation who said the potential deal between Vivendi and Orange could value Dailymotion at EUR 250m (USD 273m).
Le Figaro, Financial Times