Fri, Mar. 13, 12:40 PM
- Having not succeeded at first (or second), Orange (ORAN -1.8%) is trying again to sell a stake of about 49% in video site Dailymotion -- this time through exclusive talks with Hong Kong telecom PCCW (OTCPK:PCCWY).
- PCCW's made an offer valuing Dailymotion at €250M ($264.5), a source tells The Wall Street Journal.
- The goal would be expansion, an area in which France-based Dailymotion hasn't kept up with competitors like YouTube. The French government, which killed a 2013 stake sale to Yahoo, may now be more open to foreign investment.
PCCWY vs. ETF Alternatives
PCCW Limited and its subsidiaries are engaged in the provision of local, mobile and international telecommunications services, Internet and interactive multimedia services, the sale and rental of telecommunications equipment, and the provision of computer, engineering and other technical... More
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