By Samuel Baudouï – published on 02/05/2013 at 19:44, updated on 03 / 05/2013 at 09:55
“The failure of the sale of Dailymotion damage the image of France to foreign investors, “warned Thursday the Wall Street Journal.
Reuters / Charles Platiau
Dailymotion case has almost become an affair of state. The intervention of the French government stopped the sale of the video platform Yahoo opposes political, media, entrepreneurs and divided even within the government. Sometimes on the bottom, but also on the shape of the intervention once again brings to light the role of Arnaud Montebourg . Yahoo wanted to buy France Telecom 75% stake in its subsidiary, Dailymotion, but the state, which still holds 27% stake in the incumbent, would not go beyond 50%. The invitation to Bercy protagonists of this operation, the virulence of the Minister on this occasion and the way to set conditions for an agreement have deterred Yahoo to pursue any discussion.
Minister of Productive Recovery assured have blocked the takeover not to “abandon Dailymotion hands of a company whose health is sometimes flickering and moreover may devour Dailymotion”, speaking of an “economic reflex and strategic intelligence. ” Defending his new perspective on France 2 Thursday night, he argued that the industry “is developing will create jobs, I prefer them to be created in France.” “We have a special nugget, we wish to promote (…) and develop other markets,” he continued, saying that his decision was “respond positively many French (who) want the government to intervene when he can. “
problem everyone is not on the same wavelength at Bercy, at least on the method. Starting with the Minister of Economy, Pierre Moscovici , who has denied really involved in this decision, contradicting what his colleagues held a few hours before. For his part, the Minister digital Fleur Pellerin have found “staggering” in the forms, the action of Arnaud Montebourg, she would described as “unmanageable” by France Info.
Still, the decision to not provoke discussions and government. The debate is actually everywhere. Overview.
They are against
David Barroux in Les Echos challenges put forward by the Minister of Productive Recovery allow Yahoo to more than half the capital Dailymotion reason, because it would have allowed him to “devour, to disappear “the French platform. For him, this fear is “unfounded.” However, “to grow our startup must find an American anchor or an international dimension. Stronger Dailymotion even controlled by Yahoo, have benefited from our digital ecosystem.”
opinion across shared with his colleague from the same newspaper, Jean-Marc Vittori , which recognizes, however, that the situation was not clear. “There is now no good solution for today Dailymotion, he writes well. Least worse still would have been to see the company in the United States in taking the opportunity to build relationships and s ‘striving to preserve gray matter in France “
criticism against this intervention were able to feed the reaction of the CEO of France Telecom-Orange, Stéphane Richard , who deny its legitimacy. “Dailymotion is a subsidiary of Orange and not the state. This is the group, its management and its Board of Directors who manage this issue,” he said in an interview with Les Echos. And clarify that he was not ready to release all against the U.S. group. “But I had refused that Yahoo has an option to purchase the entire share capital of Dailymotion, and we were about to reach a settlement,” he said as well.
Gilles Babinet , internet entrepreneur and former president of the National Council of the digital challenges more specifically the ability of the state to intervene effectively in the industry. “The ‘business’ of digital is particularly strategic, and requires a high level of expertise, it is not at all the same thing as running a tradition al industry such as the automobile. And the expertise of the State (French) in this field is zero “Wall Street Journal Finally, asked about the international impact of such an intervention. The failure of the sale of Dailymotion damage the image of France with foreign investors. “The paper speaks of” the government’s policy as ‘the end of laissez-faire.’ “
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reactif76 Talk Discover 42 reactionsEveryone knows that if Montebourg and therefore the government had agreed to a sale of 75%, the same people who criticize the current decision …
Comments (42)
Everyone knows that if Montebourg and therefore the government had agreed to a sale of 75%, the same people who criticize the current decision would have denounced the sale outside, they would have yelled at them angry to see this digital “flagship” sold off to a foreign company.
@ DeGaulle-reviends-SVP: You did not understand, review all the comments and then you change your mind, even if you have a spray judgment Montebourg.Il not be sell off a company that works
@ XERIOS: Negotiations had also resulted in its sale to Mittal for Florange remains active. We saw the result
@ miladyg: So you can wait a long time, courage ….
But what do you expect from these false ayatollahs socialists? They know everything. They decreed well they decree the evil. Show virginity first communion. They can say black and white yesterday tomorrow. In their world the perpetrators become victims (is not it Mr and Mrs Cafin Duflot?). www.wattrelosplouys.over-blog.com
@ andree-mattei1: When the state is a shareholder must give its opinion. Montebourg has reason to be wary, let yahoo beyond the 50% share will shun jobs abroad, the risk is too great.
“andree-mattei1″
orange has to do what he wants. Montebourg has no right to block a decision that does not concern him. We saw how it manages are plants … plus he tells lies.
Yahoo!. Most visited site in 2004, with more than three billion views per day Internet, the group is now slowing, loss of 21% of turnover The U.S. internet portal announced a restructuring plan will result in the elimination of 2,000 jobs worldwide, or 14% of its workforce …………………………. So why would you buy Dailymotion to improve its image and to plunge a little later, so I think better to contribute to the development of Dailymotion and that it remains in France. When the critics, they are made only against the government, Dailymotion is forgotten ………………….
@ charolles: The problem is not to love or not to estimate or not, A Montebourg. I may have the same opinion on the person. But on THIS topic, he’s right. Dailymotion is the second global video streaming site a success. Why make a division of Yahoo, web history, now very ill. Dailymotion sale (75% yield for the capital, sell, not to a partnership) is ending a French success. We know that Yahoo will retrieve the name and its audience, and transfer its business in the U.S. and lay off a little less than its U.S. staff. The community of French Internet companies is not so great. We must defend and encourage entrepreneurs and French investors to venture into. When we say, as some do, that to grow, a French company should not be French, what message is happening
People call the white knight ….
@ XERIOS: you should ask. Dailymotion is the 12th World website all categories. This is not a dwarf. For streaming, Dailymotion is the second global site. An international reputation. This is not a dwarf. Where did you see that second world in its segment is low? Dailymotion position in its segment is much better than, for example, in his Yahoo. Google Search on a video, and you will find Youtude and Dailymotion, but not Yahoo. Dailymotion has a clear position: 2nd streaming. What is the Yahoo? Even Microsoft who would not want to buy more – I suggest you let the emotions and the a priori side. This blog is dedicated to the exchange of ideas, not attack us. French companies can succeed as others. The French are not more stupid than others. To all of the challenges and progress every day we. Yes, partnering with U.S. companies, Japanese, Chinese etc.. partnership but does not mean to be absorbed.
Anyway, on the forum of the expansion, we can not expect to find a majority of supporters of wild capitalism and the devastating financial, these two entities have caused crisis in which we are, and where we’ll stay if we do not fight effectively against the two …
@ DeGaulle-reviends-SVP: I recall that De Gaulle was in favor of a mixed economy, with a share of public and part private. If the various French governments had continued to see this, we would not be in the m,, as now
@ XERIOS: Partnering with Yahoo is DISAPPEAR … American giants absorbing French or other companies do to eliminate them and take their market share. Although naive people who think otherwise.
course he was right, he must get out of this downward spiral. The government privatized the U.S. (or other) redeem competitive units, seize market share, and then liquidate. This is particularly the case for Arkema factories in the region Rhône Alpes, plants from privatization of Chemistry elf. Congratulations Arnaud Montebourg for this decision.
We’ll have our Prime Minister and the President understands that Mr whose consciousness is variable geometry, as demonstrated in the financing of foreign logistics company to move to significant public support, is a danger to the country. France Telecom was currently negotiating (a word that should explain the meaning Montebourg) to go from 75 to 50% the amount of the investment and Yahoo with his statements that could overturn. This tiny Minister thinks doing his job well, but only to work his image.
@ the-Cartesian: I hate this government! There
should not be against everything!
@ denis92: I think you fetes devil’s advocate. or are skills montebourg in this case? not to mention the other or he fired like crazy arsonist.
@ MicheleK: unfortunately we do not have a monkey but a penguin surrounded by penguins for gouverner.on should call Bougrin-dubourg as prime minister
I do not know if yahoo wobbles, but I know a government that wobbles him and drolement, but the worst is that it waver France and the French with before can be to shake Europe and the euro. imcompétence and power do not mix well, for they are against the misfortune of the people.
Montebourg Mélenchon and suffer from bouts of acute flatulence on their statement if really science, unless a sufficient cap
.
@ denis92: While talking about? Yahoo wants to pay for the name dailymotion? Unfortunately, your French French vision blind you, Dailymotion is an internet dwarf compared to other platform and is completely absent from the U.S. market remains the largest internet market. Partnering with Yahoo, it is an assurance to enter the U.S. market and accelerate the development of the company. This is dailymotion had the opportunity to enjoy the reputation of Yahoo and not the reverse. Keeping our Franco-French platform that is 100% in France Telecom, it is forbidden to see her grow outside our borders. It is mathematical, it is better to have 25% of a very large company (that was the deal for FT, 25% FT and 75% Yahoo) that 100% of a small Franco-French company. In this case, blinded by chauvinism, you also forget that the negotiations had aboutis for society remains largely in France. A development linternational would have allowed the company to grow and cre ate jobs in France. But no, we want jobs, and in addition they must be created by employers and the good French money. It is a quaint and sterile reasoning for our economy.
Montebourg did, once again, demonstrated a completely outdated worldview. Is he interested in issues of this merger? Impossible. Dailymotion earns little money and is dominated by the archi Youtube videos Google platform worldwide. Dailymotion was and still needs a strong industrial partner and global if it is to develop and especially survive. If Yahoo is not the right partner who is Montebourg? This certainly prefer a reconciliation between Dailymotion and Danone. It’s really a disaster this government.
If journalists want to know if the block is justified, they just have to post a lambda account (unofficial) hot information they are safe, against the governments of these two owner (USA and France), and see which will be disseminated to understand if we are to keep it or not! An experience that should not require too much work, saw the broken arms that are Hollande and Sarkozy or Lepen and Mélenchon, but give an idea of ??the freedom of movement of information (and I assume nothing, alas, as has often Dailymotion transferred videos that embarrassed, and one and the other, sometimes orders Bolloré, Canal Plus and other (as marked in the location of the videos I wanted to find and which are soaring and are replaced by “Allo Huston “)
Everyone can have an opinion on the subject, but, beyond that, it shows that this story is that the government is doing anything. If the right strategy is advocated by M.Montebourg there all wrong in the method. The field Daylymotion not part of the list of french strategic areas, and it is not a national company. So if the state wants to act, it must do so only involving the CEO of Orange without involving Yahoo and the whole earth. The result in terms of audience M.Montebourg going to be improving, but investors in one direction and the other now know that the state does not play the game It sucks, especially it is far from clear that the solution imposed by the state is the right
@ Cipieres: How to sell Dailymotion, this is exactly what he is about (75% stake), strengthens Orange? Orange would have lost his leg which is, by far, the most audience – Why this idea that what remains must necessarily fail french? I do not agree with that. Like other new entrepreneurs I’ve beaten the U.S. giants. – Dailymotion succeeded in visitors and audience. It takes the maximum value for the most targeted advertising. But here the problem is that most visitors are anonymous, not registered. It would make sense, for example, to a partnership with actors that profile well (ex: Facebook, Amazon otherwise) su rune based audience vs. profiling. But not to sell a French success. Yahoo seeks only to recover a site name to success for his ailing business. – Like you, I do not especially trust in the capabilities of the company, said the minister. Far from me the idea. But if testifying, albeit by mistake or for the wrong reas ons, it is good, I say. In business, the result counts.
@ denis92: The purpose of the capital but opérationn’était not find networks to this development was the purpose of Orange as part of its global development.. If Dailymotion is French, she périclitera. What is the jurisdiction of corporate strategy Montebourg or other ministers who have never worked in business and even more so internationally. The decision is purely political Montebourg to flatter the French chauvinism. This rarely helped business development. Moreover, even Ms. Pellerin (not sectarian) is stunned.
Reason or not it is the future that say
the question we must ask: is it a pilot in the government
?
– 02/05/2013 9:28:09 p.m.
blocking the sale is probably a good thing because the French do not know how to sell quite expensive when it is the other who wants to buy and we will not sell. We sold off too for the wrong reasons. No foreign company will spare the French interests once owner, which is not outrageous, but normal and predictable. However, Montebourg is not silly, but more awkward, it does not grow on trees … And if everything is in the money, a lot is in the way.
The minister is very well. Yahoo seen in quite a hearing, the value of Dailymotion is essentially his reputation: name and address. Yahoo has bought the name, migrated activity on its computers in the U.S. that are too lightly loaded, and fired the staff. In the end, the end of a French company that has managed to acquire a global audience. What advantage for France? The current anti-government hysteria told anything. In this case, it is good. Please keep your criticism when he is wrong.
The minister is very well. Yahoo seen in quite a hearing, the value of Dailymotion is essentially his reputation: name and address. Yahoo has bought the name, migrated activity on its computers in the U.S. that are too lightly loaded, and fired the staff. In the end, the end of a French company that has managed a successful worldwide. We too have such success? What advantage for France? The current anti-government hysteria told anything. In this case, it is good. Please keep your criticism when he is wrong.
the Grotesque didi ………………….. Lechevalierdemonluc
– 02/05/2013 8:43:41 p.m.
Poor FRANCE! Really, the current Government is not a gift. It seems that government purposely press harder on the accelerator that directs FRANCE right into the wall! Even a monkey better govern FRANCE.
is often forgotten nuggets like Dassault Systems and other nuggets. France Telecom does not see a profit in the short term. For once we are fighting and why not create a French google. We have the skills, use
the.
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Montebourg he had the right di’ntervenir as Minister in the sale: not state he had the right to intervene as a shareholder: yes. But in this case, it should have been done at the board. Daily motion should it be sold to American or Chinese society …. no new technology has meant to live alone, all at a time must come together. It is undoubtedly true that once would have bought Yahoo in the end it would have disappeared. But taking France Telecom, also bought companies abroad … this is what is called globalization …
“Businesses of all countries just invest in France” you’ll be led …. the state.
@ Kidugwen: At the same time, that tells you that the employees would be unhappy summers their stock options valued? If defend French companies is to block their international development, Will you go far? Many French nuggets are fortunate enough not to have fallen under the yoke of the state: Archos, divx, Parrot, VLC, Mandriva. if the state wants to promote French industry that places an order with French companies rather than limiting. But no! the state will help Microsoft in the army and Ubuntu in the National Assembly while these two programs are known to use the default monitoring their users instead of a French OS as Mageia and Mandriva.
They are sold in foreign countries because no one in France has the means to expand internationally. it requires not only funds but skills …… and if Dailymotion looking for a U.S. partner had to grow in the U.S.. By blocking the sale, they cut the wings. not Arnaud Montebourg will open the doors to the U.S. market .. they will remain French but wither slowly … then disappear. not on whether a future dream
for or against, on the contrary! http://www.actudupouvoir.fr/carrefour-montebourg-la-guerre-est-declaree/
He was right to intervene, there is tired of our companies are sold abroad.
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