It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
France stops Yahoo having a Dailymotion France stops Yahoo having a Dailymotion
FAQ Members List Calendar Search Today's Posts Mark Forums Read

France stops Yahoo having a Dailymotion
Thread Tools
Old 2nd May 2013, 07:38   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 121,863
Stefan Mileschin Freshly Registered
Default France stops Yahoo having a Dailymotion

Search engine Yahoo has given up on a cunning plan to buy a majority stake in online video website Dailymotion after the French government said that it did not want the buyout to take place.

Dailymotion, which sounds like something you do at 10am with a copy of the newspaper, would have been the biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer.

She wanted to buy 75 percent stake in Dailymotion, which is owned by telecommunications company France-Telecom Orange, for something like $300 million.

But the government officials were outraged that one of the biggest French successes since the battle of Austerlitz was falling to a nasty company run by a nation which thought that sticking minced meat between two slices of bread was top level cuisine.

French government officials and France Telecom executives wanted to arrange a deal where Yahoo would take a 50 percent stake instead, and Yahoo would have to serve up proper food in the staff café. Yahoo said no way.

According to Reuters, YouTube wanted Dailymotion because it is the one of the most popular online destinations for video, although it lags far behind Google's YouTube. Nevertheless it would give Yahoo a foot in the door.

France Telecom-Orange acquired Dailymotion for $170 million through a two-phase deal, with the most recent transaction closing in January. Dailymotion's editorial and executive management operate independently of France Telecom-Orange.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
France Plans Spyware for Three Strikes jmke WebNews 0 6th August 2010 18:11
Components returns rates in France jmke WebNews 2 14th May 2010 18:47
CoolIT products now available in Benelux & France jmke WebNews 0 7th May 2007 18:16
A visit to Gigabyte France jmke WebNews 0 4th October 2006 10:44
France To Force iTunes to Open to Other Players? jmke WebNews 0 14th March 2006 10:52
HP France employees strike over job cuts Sidney WebNews 5 21st September 2005 04:12

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 16:44.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO