While the Chinese group PCCW announced to end discussions with Orange to buy Dailymotion, Vivendi offers € 250 million for the platform.
The statements of the French government finally scalded the attempts of PCCW, Hong Kong holding company of Richard Li, to redeem platform Dailymotion videos. The Chinese, who was in exclusive talks with Orange to buy 49% stake in Dailymotion finally announced on Monday, the abandonment of discussions. “The desire of the French government to encourage the search for a European solution discourages participation of international companies, announced the Hong Kong listed group in a statement on Monday. So we decided to end our discussions with Dailymotion and its current owners “
The media group Vivendi was immediately set. According to Le Monde, the media group has made a bid for almost all of the site for 250 million euros. The offer should be discussed on Tuesday at a Board of Directors outstanding Orange, which owns 100% of Dailymotion.
Vivendi would consider “an integration of the platform in its overall strategy,” said Le Monde. The group has a considerable war chest, the paper recalls, from the SFR disposals, GVT, Activision Blizzard or Morocco Telecom. Vivendi thus have about 15 billion euros.
The State shareholder calls for a European partner
Last week, in response to the announcement of exclusive negotiations between Orange and Chinese PCCW, the Minister of Economy Emmanuel Macron had opposed a French-Asian partnership and asked Orange “take into account the elements of the European digital sovereignty “. One way of pushing Orange, which the state is a shareholder with 24.9%, to consider rather European partners. Following these statements, PCCW quickly decided to throw in the towel.
“The government has never indicated to be hostile to the ongoing discussions but asked, as a shareholder, in Orange not to grant exclusivity to the offer PCCW before discussion with all potentially interested partners, “told AFP the Ministry of Economy, before adding that this decision has opened discussions with” several potential providers of discussions. “
Discussions Yahoo aborted in 2013
Fimalac, the group of Marc ladreit of Lacharrière, also expressed interest in Dailymotion, but n has not convinced the Orange leaders enough to go to a firm offer.
These new episodes revive the endless saga Dailymotion sales process. In 2013, Arnaud Montebourg, Minister of Relief productive, had already violently opposed to a potential takeover by Yahoo for $ 300 million (€ 279 million), ultimately discouraging American.
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