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Orange negotiating a stake of online video site Dailymotion

Orange is negotiating with online video site Dailymotion about acquiring a 49% stake for 58.8 million Euro. The French telecoms giant would then have the option to increase its capital to 100% from 2013.

Dailymotion, which is based in Paris, is the world’s largest online video site after YouTube.

Author: The Fonecast
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