The French government has reportedly scuttled Yahoo's (YHOO) attempt to buy a $200M controlling...

|By:, SA News Editor
The French government has reportedly scuttled Yahoo's (YHOO) attempt to buy a $200M controlling stake in video site Dailymotion from France Telecom (FTE). A source tells TechCrunch French minister Arnaud Montebourg opposed the deal out of an unwillingness to let a "marquee" French tech company be under foreign control. Dailymotion is now expected to try and raise fresh capital (apparently FTE's plan before the Yahoo bid) in an attempt to hold its own against 800-lb. gorilla YouTube. Will Yahoo now go after another video site in an effort to obtain content and ad inventory? (previous)