Orange - Dailymotion deal
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Did the French government just sell Dailymotion back to itself?
Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman.
We just got off Skype with Fred Destin , the Boston-based French VC (and SAI contributor ) who was one of the earliest investors in Dailymotion , the second-biggest video sharing site which is in the news today because its deal with huge French telco Orange . He gave us the real info about the deal, the exact terms of which are swirling with rumors, and sought to correct our earlier, sourced story about the deal. (Edit: Destin also wrote a blog post on this.) Here's what we learned:
Here's The Real Story Of The Dailymotion Orange Deal
Après le site de musique en ligne Deezer , c’est bientôt au tour de Dailymotion d’accueillir Orange dans son capital. L’opérateur de télécommunications négocie une prise de participation dans le site de partage vidéo. L’opération se fait sous l’œil attentif du Fonds Stratégique d’Investissement (FSI) actionnaire commun des deux entreprises. Le FSI détient 13,67% de France Télécom et a investi 7,5 millions d’euros dans Dailymotion lors d’une levée de fonds de 17 millions d’euros survenue en octobre 2009 au côté de Advent Venture Partners, AFG Private Equity, Atlas Venture et Partech International.
Orange va entrer au capital de Dailymotion | TIC et Net