Vivendi eyes bid for Dailymotion video website

VivendiVivendi has confirmed a bid for Orange-owned YouTube rival Dailymotion. The French media group, which owns Universal Music and Canal+, confirmed reports it was in talks to buy a majority stake in the video site, in a deal thought to be worth €250m (£182.6m) for a 75 to 80 per cent share.

Earlier, Hong Kong telecoms group PCCW withdrew a bid for the video site after the French government – Orange’s biggest shareholder – urged the mobile operator to explore all offers.

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