Dailymotion looks ahead despite scuppered Yahoo! deal

May 3, 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: Yahoo! in talks to unload Japan stake: report

Related Stories

Silver Lake, others eye Yahoo!: reports

September 16, 2011

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

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.

Recommended for you

Microsoft describes hard-to-mimic authentication gesture

August 1, 2015

Photos. Messages. Bank account codes. And so much more—sit on a person's mobile device, and the question is, how to secure them without having to depend on lengthy password codes of letters and numbers. Vendors promoting ...

Power grid forecasting tool reduces costly errors

July 30, 2015

Accurately forecasting future electricity needs is tricky, with sudden weather changes and other variables impacting projections minute by minute. Errors can have grave repercussions, from blackouts to high market costs. ...

Netherlands bank customers can get vocal on payments

August 1, 2015

Are some people fed up with remembering and using passwords and PINs to make it though the day? Those who have had enough would prefer to do without them. For mobile tasks that involve banking, though, it is obvious that ...

0 comments

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.