Aug 29, 2012
Dailymotion is a French video-sharing website on which users can upload, share and view videos. Its headquarters are located in the 17th arrondissement of Paris. Dailymotion is the world's second largest video-sharing website, behind YouTube.

As of November 2012, the site was the 31st most visited website in the world with over 116 million unique visitors accessing the site each month.

In March 2005, Benjamin Bejbaum and Olivier Poitrey founded the Dailymotion website from the living room of Poitrey's apartment in Paris. Six individuals pooled together €6,000 ($9,271 USD) to start the business.[3] In September 2006, Dailymotion raised funds in collaboration with Atlas Ventures and Partech International. They raised 7 million Euros which was considered to be the most funds raised in 2006 from the French Web 2.0. In October 2009, The French government invested into Dailymotion through the use of the Strategic Investment Fund. On January 25, 2011, France Telecom's Orange acquired a 49% stake in Dailymotion for €62 million (hence valuing the company at €120 million).

According to LesEchos.fr, Orange is considering acquiring the remaining 51% of the company to fully own Dailymotion. This potential buyout cannot exceed €72 million, and the transaction date would occur during the first quarter of 2013.

Source: Wikipedia