France Telecom's Orange is in talks to buy a stake of between 30 percent and 50 percent in video-sharing web site Dailymotion, a blog on the website of French weekly L'Express said on Friday.
Orange and Dailymotion were not immediately available to comment on the report, which did not cite a specific source.
The blog put the value of Dailymotion at around 200 to 250 million euros ($270.7 million to $338.3 million), a far cry from the $1.65 billion Google paid to buy YouTube in 2006.
France's sovereign fund FSI, owner of close to 14 percent of France Telecom, invested 7.5 million euros in Dailymotion in October 2009.
(Reporting by Julien Ponthus and Dominique Vidalon; Editing by Jon Loades-Carter)