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Sovereign Wealth Funds Briefing - Categorized | Investment

French fund invests in YouTube rival Dailymotion

Posted on 23 October 2009

From Reuters: France’s FSI strategic investment fund will take part in a 17 million euros ($25 million) capital raising for web video share site Dailymotion, the Gallic rival of Google Inc’s YouTube.

The money raised will be used to accelerate Dailymotion’s expansion, notably abroad, the FSI said in a statement on Thursday…………………….Full Article: Source


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