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DailyMotion "exited" prior to this, as the deal between Telecom Orange (minority owned by France) was scuppered. > On 25 January 2011, Orange acquired a 49% st
by senko 7y ago
DailyMotion "exited" prior to this, as the deal between Telecom Orange (minority owned by France) was scuppered.
> On 25 January 2011, Orange acquired a 49% stake in Dailymotion for €62 million, valuing the company at €120 million. On 10 January 2013 Orange bought the remaining 51% for €61 million. (source: Wikipedia)
So, the Dailymotion founders, investors and (hopefully) employees got a $123 million exit. (edited to fix the sum)
That said, in my experience government-based funds and grants usually do contain clauses that limit what you can do for a set period of years, in attempts to be able to reap the fruits of the investments (not neccessarily profits, but also employment, more activity and visibility to local IT sector, etc).
As with all funding, there are always at least some strings attached.
- jacquesm 7y ago> So, the Dailymotion founders, investors and (hopefully) employees got a $123 million exit. The SIF invested in 2009, they could have blocked any kind of exit involving a foreign (likely American) party after that point. > As with all funding, there are always at least some strings attached. Yes, but usually those are to make sure that minority shareholders also play ball if/when the bulk of the shares can be sold, not to stop a deal from going through based on Nationalistic grounds.