Paris: Orange said on Tuesday it was in talks with Microsoft over a possible tie-up with its video-sharing website Dailymotion, nearly a year after discussions with Yahoo collapsed following state opposition.
Orange said it would keep a majority stake in Dailymotion, the world's 12th largest video-sharing site, but is looking for partners outside of Europe to develop it internationally, Chief Executive Stephane Richard told BFM Business radio.
"We have ongoing talks, particularly with Microsoft, which doesn't necessarily mean that we'll come to a deal," said Richard, speaking from the World Mobile Congress in Barcelona.
"I think it makes a lot of sense for us, as for Microsoft, to reach an accord that would be above all a partnership," he said, adding that Orange was also talking with other content providers, including in France.
The French state owns 28.4 percent of Orange, so it has some sway over the group's actions and management.
Last year, French Industry Minister Arnaud Montebourg blocked a plan by US-web giant Yahoo to buy a majority stake in Dailymotion.
Montebourg spurred a public row over state intervention in business affairs after he said that the U.S. group wanted to "devour" its smaller rival, calling it a "golden nugget" that needed to be kept in French hands.
Yahoo, which had planned to acquire a 75 percent stake in a deal that valued Dailymotion at $300 million, eventually walked away from the talks, leaving Orange to seek a new strategic partner to develop its video site.
Richard said that Orange was also in talks with other potential tie-partners for Dailymotion, including ones based in France which were focused on creating content.
"For the time being Dailymotion or Youtube are 100 percent free," he said. "But the future of such sites is to make high-quality content available for a charge, which justifies us speaking to content-creators."
Orange said it would keep a majority stake in Dailymotion, the world's 12th largest video-sharing site, but is looking for partners outside of Europe to develop it internationally, Chief Executive Stephane Richard told BFM Business radio.
"We have ongoing talks, particularly with Microsoft, which doesn't necessarily mean that we'll come to a deal," said Richard, speaking from the World Mobile Congress in Barcelona.
The French state owns 28.4 percent of Orange, so it has some sway over the group's actions and management.
Advertisement
Montebourg spurred a public row over state intervention in business affairs after he said that the U.S. group wanted to "devour" its smaller rival, calling it a "golden nugget" that needed to be kept in French hands.
Advertisement
Richard said that Orange was also in talks with other potential tie-partners for Dailymotion, including ones based in France which were focused on creating content.
Advertisement
© Thomson Reuters 2014
COMMENTS
Advertisement
Days After Microsoft Outage, YouTube Down For Some Users Microsoft Says Wrong to Call New Game Pass Standard Tier 'Degraded', Calls FTC Filing 'Misleading' All Eyes On AI To Drive Big Tech Earnings INS Brahmaputra Severely Damaged In Fire, Lying On Its Side; Sailor Missing Question On Atoms In NEET-UG Physics Section Catches Supreme Court's Eye Kuwait Couple Divorces Within 3 Minutes Of Getting Married Due To This Reason Top Six Car Launches In August 2024: Mahindra Thar Roxx To Tata Curvv Kamala Harris' Campaign Debuts New Official Election Logo 1 Killed, 34 Injured After DTC Bus Rams Metro Pillar In West Delhi Track Latest News Live on NDTV.com and get news updates from India and around the world.