Dailymotion seeks new investor
November 12, 2014
From Paoli-Lebailly Pascale in Paris
French telco Orange is looking for a new financial partner to invest in video sharing platform Dailymotion. According to daily Le Monde, Orange has not given up the idea to expand Dailymotion internationally.
Orange has spent an additional €30 million on the platform since 2013 and Dailymotion still faces strategic questions about international growth.
Last February, Orange CEO Stephane Richard confirmed ongoing talks with Microsoft for a partnership, but negotiations broke down. One year earlier, interest from Yahoo was also aborted, after the French governemnt, which owns 27 per cent of Orange, opposed.
All options are now being considered though Orange is open about the fact that Dailymotion’s future is linked to an expansion into the US.