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Vivendi acquires video sharing site Dailymotion for $242 million

Written by Andre Yoskowitz (Google+) @ 30 Jun 2015 21:33 User comments (1)

Vivendi acquires video sharing site Dailymotion for $242 million Media and content giant Vivendi has announced their acquisition of an 80 percent share in video sharing site Dailymotion.
The company paid 217 million euros for the stake, which is owned by European telco Orange.

Vivendi says the acquisition will give them access to "particularly attractive music and audiovisual content." Dailymotion offers content from independent producers, premium partners and millions of regular users.

The content behemoth also owns Universal Music Group and Canal+ Group, and adding Dailymotion to the mix will allow for "the joint development of original and distinctive content and formats that will meet the expectations of a whole new generation of digital consumers."

Source:
Dailymotion

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1 user comment

11.7.2015 0:47

well thee goes another site that will be wiped clean of stuff i'll miss it had some good stuff on it

This message has been edited since its posting. Latest edit was made on 03 Jul 2015 @ 12:54

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