PARIS — France Telecom's Orange has bought 49 percent of Dailymotion for about $80 million, the world's second biggest video sharing site after YouTube, The Wall Street Journal reports.

Here is an overview piece on the "real story" of the investment  by the Business Insider's Pascal-Emmanuel Gobry.

In September, your correspondent traveled to Paris to interview company executives for Beet.TV  Today, we have republished our chat with Luc Dumont, VP of International about the company's global expansion.

More news on the deal here.

Andy Plesser