Orange Acquired Dailymotion For $168 Million By Buying Out Remaining 51% Stake [Update: Orange Confirms]

Back in January 2011, Orange acquired 49 percent of Dailymotion for $78 million (?59 million), and declared that they wanted to buy out the remaining 51 percent. But Dailymotion had to wait two years before further talks. By spending $80.6 million (?61 million) for the remaining stake, Orange acquired 100 percent of Dailymotion for $168 million (?127 million).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/-Yl_ktB8SqU/

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