Canal+ eyeing Dailymotion stake

May 13, 2014 10:42 am

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.