FSI to invest in video-sharing site Dailymotion

Newswire

PARIS, Oct 22 (Reuters) - France's FSI strategic investment fund said on Thursday it would take part in a 17 million euros ($25 million) capital raising deal for web video share site Dailymotion, the Gallic rival of Google's Youtube.

The money raised will be used to accelerate Dailymotion's expansion, notably abroad, the statement said.

The FSI will invest 7.5 million euros in the transaction, next to Dailymotion's fistorical shareholders Advent Venture Partners, AGF ...

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