Orange Acquired Dailymotion For $168 Million By Buying Out Remaining 51% Stake [Update: Orange Confirms]

logo-Dailymotion

Back in January 2011, Orange acquired 49 percent of Dailymotion for $78 million (€59 million), and declared that they wanted to buy out the remaining 51 percent. But Dailymotion had to wait two years before further talks. By spending $80.6 million (€61 million) for the remaining stake, Orange acquired 100 percent of Dailymotion for $168 million (€127 million).

Rumors have been circulating for months that Orange was finally ready to up its stake. The confirmation comes from its earnings doc...

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