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Canal+ eyeing Dailymotion stake

: Tuesday, May 13 - 2014 @ 10:42

France’s Canal+ Group is in talks with Orange to buy a stake in video sharing website, Dailymotion, Digital TV Europe has reported. The involvement of Canal+ would avoid governmental objections to a sale to an international partner. Orange has been seeking partners for the site for some time, with an attempt to sell a 75% stake to Yahoo last year being abandoned after the intervention of French industry minister, Arnaud Montebourg. The French state holds a 27% stake in Orange.

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Tuesday, May 13- 2014 @ 10:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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