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Video site Dailymotion working on partnerships in U.S. and Asia

11
Dec
2013

Video-sharing website Dailymotion, owned by French telecoms operator Orange, is close to signing a partnership in the United States and is working on another in Asia to help it to take on market leader YouTube. There is a nice probability for us to come to an agreement in the coming weeks for the U.S. market, said Orange Chief Executive Stephane Richard at the Le Web technology conference in Paris on Wednesday. Orange had been in talks with United States-based web portal Yahoo this year to sell a 75 percent stake in Dailymotion, but the deal foundered in May after Frances industry minister slammed the idea of one of the countrys most visible start-ups being devoured by Americans. The French state owns 28.4 percent of Orange, so it has some sway over the groups actions and management.

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