Vivendi buys 80% share in Dailymotion
http://www.vivendi.com/press/press-r...dailymotion-en
From the press release:
Quote:
Vivendi today acquired from Orange an 80% stake in Dailymotion, one of the biggest aggregation and distribution platforms in the world, for 217 million euros.
The integration within Vivendi offers Dailymotion the means to strongly accelerate its growth and continue its international expansion. It gives the company access to particularly attractive music and audiovisual content and allows for the joint development, together with the Universal Music Group and Canal+ Group teams, of original and distinctive content and formats meeting the expectations of a whole new generation of digital consumers.
This acquisition is at the core of Vivendi’s digital strategy. With Dailymotion, the Group benefits from an over-the-top distribution platform of international stature and of a technological expertise which complements the Group’s existing one.
