Dailymotion looks ahead despite scuppered Yahoo! deal

May 03, 2013
The head of Dailymotion, the video-sharing site at the centre of an uproar after the French state blocked its sale to Yahoo!, said in an interview published there was still a lot of interest abroad for his firm.

The head of Dailymotion, the video-sharing site at the centre of an uproar after the French state blocked its sale to Yahoo!, said in an interview published Friday there was still a lot of interest abroad for his firm.

Industrial Renewal Minister Arnaud Montebourg admitted this week to having derailed plans by the US web giant to buy a majority stake in Dailymotion, dealing a blow to attempts by France to appear more business-friendly.

"I regret the governmental obstruction, because we live in a globalised environment in which we have to make choices that maximise our chances of success in the long term," Cedric Tournay, chief executive of Dailymotion, was quoted as saying in Le Monde.

But in an indication it had not had a , he said his firm, the 12th-largest video-sharing website and an industry leader in Europe, had still received "many expressions of interest from the whole world" after the scuppered deal.

Tournay did not elaborate in the interview, and said the company's board would review the opportunities.

Yahoo! Inc. had been in talks to buy a 75 percent stake in Dailymotion, which is owned by telecommunications firm Orange, itself owned by French giant France Telecom.

But the government, which holds a 27 percent stake in France Telecom, had insisted on a 50-50 split.

Montebourg said Wednesday he had blocked the deal because the US firm was seeking to "devour" the French company. He said the government wanted a "balanced" agreement that would allow Dailymotion to retain its identity.

But the move caused anger in some business circles, and CEO Stephane Richard hit out at Montebourg, saying the firm's management—not the government—should be deciding the strategy for Dailymotion.

Tournay said the deal with Yahoo! would have been "exciting" as it would have turned Dailymotion into the US firm's global .

"We would have kept our identity and continued to operate autonomously, but with much bigger ambition. Yahoo!'s strategy is to invest massively in video. Dailymotion would have benefited from these investments," he said.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

Yahoo! stock climbs on report of Alibaba sale

May 18, 2012

Yahoo! stock price climbed Friday on renewed rumors that it was close to a multibillion-dollar deal to sell half of its stake in Alibaba.com back to the Chinese online shopping portal.

Silver Lake, others eye Yahoo!: reports

Sep 16, 2011

Private equity firm Silver Lake Partners has approached Yahoo! about making a bid for the struggling Internet company, according to newspaper reports.

Recommended for you

Why the Sony hack isn't big news in Japan

3 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

8 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

9 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

23 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.