French mass media company Vivendi has made a €250m (£184m) offer for French online video group Dailymotion which is owned by telecoms company Orange, Le Monde has reported.
The report follows a statement from Hong Kong based PCCW which stated that it ended talks to form an alliance with Dailymotion, citing the French government’s desire for the site to stay in European hands.
In a statement, PCCW said: "The French government's preferred search for a European solution discourages international companies' participation.”
Le Monde said that Vivendi’s offer would be discussed at a board meeting on Tuesday 7 April, quoting an unnamed source that said “Vivendi's ambition is to make Dailymotion a world size player.”
Orange has been looking for a partner to help with Dailymotion’s international expansion in order for it to compete with rival Google’s YouTube.