For more than two years, rumors have swirled about the potential sale of Dailymotion, the online video site that averages 300 million visitors each month. At last, it looks as if the platform may have found its buyer. French conglomerate Vivendi has made an offer for Dailymotion through which it will reportedly pay around €250 million for a 75-80% stake in the company.
While Vivendi did confirm its offer, it did not offer financial specifics. The €250 million ($272 million) figure comes from Deadline, which cites a previous report. That deal would value Dailymotion somewhere in the $350 million range.
Selling stake in Dailymotion is a tricky proposition because 25% of its parent company, Orange, is owned by the French government. While US-based Yahoo and Hong Kong-based PCCW have both shown interest in the video platform, the French government seems keen to find a domestic buyer.
Enter Vivendi. The conglomerate, like Dailymotion, is based in Paris, and its other properties include French TV company Canal Plus. Those facts should make it a favorable choice for the French government.
Dailymotion is known for attracting an international audience. It claims to be the most-visited European website in the world, and its content is available in 18 languages. Recently, it has launched a number of projects that have caught our attention, including a slate of original programs and a streaming platform to rival Twitch.
As Deadline notes, Vivendi has a “crucial shareholder meeting” planned for April 17th, so there’s a good chance we hear more about the conglomerate’s potential Dailymotion deal by then.