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A source had said on Monday that Vivendi had
made a 250 million euro ($275 million) indicative offer for most
of Dailymotion.
The source had said that Orange's board would meet on Tuesday to
discuss Vivendi's proposal.
Separately German media group Axel Springer on Tuesday denied a
report in Les Echos.fr that it was also in the running for
Dailymotion.
Orange has been looking for a partner for over a year to help
Dailymotion expand internationally to try to compete with much
larger rival Google's YouTube
Vivendi's proposal comes after Hong Kong conglomerate PCCW said
it had ended talks to form an alliance with Dailymotion, citing
the French government's desire to see the video-sharing site
remain in European hands.
By 1210 GMT, Vivendi shares were up 1.18 percent and Orange
shares were up 1.06 percent.
(Reporting by Dominique Vidalon, additional reporting by Harro
Ten Wolde in Frankfurt; Editing by Ingrid Melander, Leigh
Thomas)
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