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Orange takes full control of Dailymotion

June 11, 2012 10.13 Europe/London By

France Telecom’s Orange is taking full control of the online video portal Dailymotion by acquiring the 51% it didn’t own, reports Les Echos.

Last year, Orange already acquired 49% of the venture for a reported €62 million. Although no figure was mentioned, the deal is believed to be worth around €72 million at the most.

Orange hopes to receive benefits when taking full control. The company is already selling advertising space on its properties in France, Spain, Poland and the UK.

     

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    Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.
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