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


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)
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Comments (2)
  • SafisKusai
    , contributor
    Comments (252) | Send Message
     
    probably afraid yahoo would move dailymotion headquarters out of france due to ridiculously high taxes.
    29 Apr 2013, 10:54 PM Reply Like
  • James Sands
    , contributor
    Comments (2537) | Send Message
     
    Growth by acquisition is going to be Yahoo's game plan into streaming and mobile.
    29 Apr 2013, 11:15 PM Reply Like
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