Orange announced January 25 that it will acquire 49% of DailyMotion, the world's second largest video site, behind YouTube, from existing shareholders on a current enterprise value of €120 million. The deal includes  a flexible agreement to grow ownership in the company in 2013 or for the parties to agree on other strategic shareholders at a total enterprise value that would fall within a range of €120 million to €200 million based on performance. Read more