Orange Acquires 49% Of DailyMotion For €59 Million, The Rest To Follow

Rumors have been flying around for the last week about a possible acquisition of DailyMotion, the French-born equivalent of YouTube. And the first half of the 2-part transaction has just been confirmed; Orange will acquire roughly 49% of the company for approximately €59 million (€58.8 million) with the rest to follow shortly.