Posted On: 04/01/2015 9:24:14 AM
Post# of 17653
Orange Urged to Consider European Partner for Dailymotion
By Ruth Bender
PARIS--The French government Wednesday urged partially state-owned telecoms operator Orange SA to explore European solutions for its video streaming unit Dailymotion before entering into the final phase of a possible transaction with a Chinese investor.
The warning issued by the office of French Economy Minister Emmanuel Macron comes weeks after the management of Orange, according to people familiar with the matter, told its board it intended to enter into exclusive talks with Hong Kong-based PCCW Ltd. over a deal to sell a 49% interest in Dailymotion.
By Ruth Bender
PARIS--The French government Wednesday urged partially state-owned telecoms operator Orange SA to explore European solutions for its video streaming unit Dailymotion before entering into the final phase of a possible transaction with a Chinese investor.
The warning issued by the office of French Economy Minister Emmanuel Macron comes weeks after the management of Orange, according to people familiar with the matter, told its board it intended to enter into exclusive talks with Hong Kong-based PCCW Ltd. over a deal to sell a 49% interest in Dailymotion.
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