Vivendi Completes Acquisition of Dailymotion

Vivendi Completes Acquisition of Dailymotion Image Credit: Dailymotion

French media group and owner of CanalPlus and the Universal Music Group, Vivendi this week announced that it has completed the deal to acquire 80% stake in Dailymotion from Orange for 217 million euros. Vivendi is expected to revamp Dailymotion to become a leading international over-the-top distribution platform.

The acquisition is part of Vivendi’s long term digital strategy and marks its expansion into video and TV distribution, leveraging Dailymotion's 3 billion video views per month and also its programmatic video exchange - the Dailymotion Video Exchange (DMX) for delivery of video advertisements.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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