Who’s going to buy online video site Dailymotion? Well, from a failed bid in 2013 by Yahoo, we know it’ll probably have to be a French company, since the French government nixed that deal on the grounds of not wanting Dailymotion to fall into the hands of a US tech company. But now Vivendi is in the frame, with Reuters reporting that the (French!) company has bid €250m ($273m) to take Dailymotion off the hands of its current owner Orange.
This, after another overseas firm – Hong Kong-based PCCW – had pulled out of a potential alliance citing “the French government’s preferred search for a European solution”. Now Le Monde claims that Vivendi has thrown its hat into the ring, claiming that “Vivendi’s ambition is to make Dailymotion a world size player” building on its current base of 128m monthly active visitors. Now think of the potential implications for Vivendi subsidiary Universal Music Group, which already has a stake in music videos service Vevo, and has been an early participant in ‘first-window’ startup Vessel.
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Tools :: We Are Giant
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