French telco Orange has confirmed informal talks with Chinese group PCCW regarding video platform Dailymotion.
CEO Stéphane Richard, who is seeking an investor to boost the international development of its 100 per cent subsidiary, met Richard Li, the son of Asia’s wealthiest man Li Ka-Shing, the founder of Hutchison conglomerate.
The group owns PCCW, the holding behind a Hong Kong mobile operator and payTV activities.
Orange says it is a first contact as it isn’t sure yet on the future strategy it wants for Dailymotion, whether to maintain a free business model or convert to a subscription model.
Talks also took place last week with Microsoft.