After the failure of the merger of the French platform videos with Yahoo!, Stéphane Richard wants to resume negotiations with Amazon, Facebook, Apple and Microsoft.
Stéphane Richard, CEO of Orange, wants to quickly turn the page with Arnaud Montebourg squawk about the sale of a stake in Dailymotion, Yahoo! CEO of France Telecom-Orange will fly next week for the Silicon Valley. He will meet with the heads of the world’s greatest hitters of Iinternet like Amazon, Apple, Microsoft, Facebook and Google. “On the agenda, I will discuss the course Dailymotion record, except perhaps with Larry Page who already owns YouTube” reveals Stéphane Richard.
requirement made by the Minister of productive recovery, Arnaud Montebourg, to yield only 50% stake in Dailymotion would hardly have deterred other potential candidates for a stake in Dailymotion. “Instead, I even received new proposals from the European media giants,” says Stéphane Richard. Finally, if Orange would solicit investment funds, the group would turn to those little Silicon Valley but could instead apply the funds created between Orange and Publicis.
Richard: “I have my responsibilities as a corporate officer”
“We have no opposition on the bottom with Arnaud Montebourg. Dailymotion needs an industrial partner to develop the United States. On the form, there was a divergence in the level of the partnership. In negotiations with Yahoo! I always wanted Orange remains an influential shareholder Dailymotion, 25% at least, and we were negotiating that Yahoo! France locates in a global competence center for video “says Stéphane Richard, determined to move forward on the issue. “We will calmly take the process of finding a partner. However, I will be ruthless in respect of governance. This file must be processed by the Board of Directors of Orange with the consent of all shareholders, including the state. The Agency for State holdings (EPA), has been associated with all stages of the process and approved. ” Public intervention Arnaud Montebourg she derailed the negotiations? “I honestly do not think this is the cause. Yahoo! stroked perhaps the idea of ?? taking full control of Dailymotion. From our side, we wanted to remain an influential shareholder. My responsibility is to protect the interests of Orange and thus Dailymotion, “says Stéphane Richard.
boss of Orange, who hopes for a renewal of his mandate at the head of France Telecom in 2014, he may close it thus opposes Arnaud Montebourg? “I did not take this consideration into my reasoning. I must assume my responsibilities as a corporate officer and the issue of notes that does Dailymotion Board of Orange. Everyone must remain in his role. “
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