“I will not let you sell one of the best start-ups in France!” It is with passion that the Minister of Productive Recovery Arnaud Montebourg, would have led the meeting between the direction of Yahoo! and the France Telecom, owner of the video platform Dailymotion. “I do not know what you do,” have continued to minister to the attention of the President of France Telecom, tells the Wall Street Journal (English) Tuesday April 30.
tone was enough to cool Yahoo!. The U.S. portal has indeed had to give up to acquire a majority stake in Dailymotion because of the opposition of Bercy, anxious not to let foreign flag a successful French Internet.
Yahoo!had begun talks to acquire 75% of the popular video site. An estimated 300 million dollars (228 million euros) operation, which was the largest acquisition by the new CEO of Yahoo!, Marissa Mayer, arrived 10 months ago from Google with the mission of straighten the internet group in decline.
But the French government and France Telecom (27% owned by the state) had, in turn, requested that the transaction covers only 50% of the company. That Yahoo! refused, according to the WSJ .
After the revelations of financial newspaper, Arnaud Montebourg confirmed that “at this stage”, and Yahoo! France Telecom could not lead to the conclusion of an agreement ” satisfactory to all parties “. “The Ministry of Productive Recovery (rest) attached to create optimal conditions for International Development Dailymotion” , he added.
Yahoo!
Dailymotion and have, so far, declined to comment. “The breakdown of talks to sell Dailymotion damage the image of France to foreign investors at a time when France depends on them for its growth,” judge its Apart from the economic daily.
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