French media giant Vivendi has tabled an offer for Orange’s video-streaming site Dailymotion, according to reports, pledging to develop the French start-up globally while making sure it stays under full French control.
Vivendi, which has been keen on Dailymotion for some time, is said to have last week made an offer to buy a controlling stake in Dailymotion after the French government forced partially state-owned Orange to consider offers from European companies.
Vivendi has made an offer valuing Dailymotion of €250 million according to French daily La Figaro. The owner of French pay-TV group Canal Plus and Universal Music Group wants to develop Dailymotion globally in cooperation with similar services it already controls or has stakes in, such as German movie and television streaming website Watchever or Vevo, according to the report.
Hong Kong-based telco PCCW pulled out of talks to purchase a stake in Dailymotion on Monday after the French government publicly urged Orange to look for European buyers for the site.