PARIS (dpa-AFX) - French media conglomerate Vivendi SA said Tuesday that it has bought from Orange SA an 80% stake in video-sharing website Dailymotion for 217 million euros.
The acquisition is at the core of Vivendi's digital strategy. With Dailymotion, the company benefits from an over-the-top distribution platform of international stature and of a technological expertise which complements the company's existing one.
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