HomeAcquisitionsMobile network giant Orange acquires approx. 49% of Paris-based DailyMotion

Mobile network giant Orange acquires approx. 49% of Paris-based DailyMotion

It was recently announced that mobile network giant Orange will buy roughly 49% of the Paris-based startup Dailymotion. The amount of the stake has been announced publicly as €59 approximately million.

The French startup, which was founded in 2005, is similar to YouTube, allowing users to watch videos online. According to a previous investor, the video-site is now profitable, and has racked up over 90 million users, with an international user base spanning multiple countries.

So, what’s next? It’s likely there will be a second stage of the transaction where Orange will then buy the rest of Dailymotion, and in the meantime, the video-site will continue building its users to compete with platforms like YouTube.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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