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

  DailyMotion, the French video sharing sites which attracts 60 million unique monthly visitors and one billion video views worldwide, announced October 22 that it has raised $25 million (€17 million) in a round led by the French Sovereign Fund and original investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International.Read more