France Allegedly Opposed To YouTube Buying Dailymotion Controlling Share

Last month it was reported that Yahoo was in talks to buy a controlling share in Dailymotion, making it the first expensive acquisition under current CEO Marissa Mayer. This popular video website is said to be worth around $300 million and Yahoo was rumored to be interested in purchasing a 75% share, with an option to completely acquire it in the future. It currently has a minority share in the website. Both Yahoo and Dailymotion had refrained from commenting on this deal, though according to a new report, the deal’s off because the French government is opposed to it.

France has a minority share in France Telecom-Orange which owns this website. Apparently the French Minister of Industrial Renewal is opposed to the idea of a U.S. technology giant taking up such a big share in Dailymotion. French Telecom is reportedly still looking for a partner based in America who will be very helpful in establishing a strong user base for Dailymotion in the country. Only a few days ago Yahoo unveiled its Saturday Night Live deal, which brings some of the best comedy routines and skits. The company has certainly been fighting the perception that hasn’t been too innovative lately. Its hard to believe that, particularly when Yahoo is working so hard to get itself back on track.

Adnan Farooqui
Categories: Web
Tags: Yahoo