(Boursier.com) – Orange and Vivendi confirm their entry into exclusive negotiations for the acquisition by Vivendi of 80% of Dailymotion capital in the amount of 217 ME. As part of this operation, which corresponds to 265 ME enterprise value for Dailymotion, Orange retain 20% of Dailymotion capital.
Orange and Vivendi enter a period of exclusive negotiations to finalize the final terms of the transaction. Orange, which supports the development of Dailymotion since 2011, this transaction would meet the goal of lean Dailymotion to a strategic partner in the contents can provide the means to accelerate its growth to become one of the most major global platforms.
In addition, the price received by Orange under this transaction would allow it to fund a strengthening vis-à-vis actions of the digital ecosystem.
new stage
For Vivendi, the acquisition of 80% of Dailymotion capital constitute a major step in building a global industrial group, the French champion of media and content.
It would allow it to enhance significantly its contents by holding the control of a global distribution platform. The many opportunities for collaboration between Universal Music Group, Canal + and Dailymotion could be quickly implemented to accelerate and strengthen the presence of Vivendi over the world.
Dailymotion became the second platform aggregation and distribution of video content in the world, with 2.5 billion videos viewed per month. The company achieved a turnover of 64 ME in 2014, an increase of over 30% per year since 2012. It employs 222 people worldwide based mainly in France and the United States.
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