France's Orange to keep Dailymotion after uproar

July 23, 2013
The logo of French video-sharing website Dailymotion, set against France's national flag. Dailymotion, the video-sharing site that was at the centre of an uproar after the French state blocked its sale to Yahoo!, will remain a unit of France's Orange, chief executive Stephane Richard has said.

Dailymotion, the video-sharing site that was at the centre of an uproar after the French state blocked its sale to Yahoo!, will remain a unit of France's Orange, chief executive Stephane Richard said on Tuesday.

Dailymotion's place remains "within Orange," Richard said in an interview published on Tuesday in business daily Les Echos adding that the site would also receive a 30 million euro investment.

Industrial Renewal Minister Arnaud Montebourg, who led the campaign to scuttle a sale to US firm Yahoo! earlier this year, welcomed the announcement calling it "good news for France and for Europe."

Yahoo! Inc. had been in talks to buy a 75-percent stake in Dailymotion, which is owned by telecommunications firm Orange, formally known as France Telecom.

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

At the time, Montebourg said he had blocked the deal because the US firm was seeking to "devour" the French company.

The move caused anger in business circles and stoked worries that attempts to make France appear business-friendly were seriously harmed.

Explore further: Dailymotion looks ahead despite scuppered Yahoo! deal

Related Stories

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 Friday there was still a lot of interest abroad for his firm.

France opens new front in war with Internet giants

June 4, 2013

France's culture minister has branded online retailer Amazon a "destroyer" of bookshops in the latest confrontation between the Socialist government in Paris and America's giants of the digital economy.

Orange 'forces Google' to pay for mobile traffic

January 16, 2013

The head of French telecoms operator Orange said on Wednesday it had been able to impose a deal on Google to compensate it for the vast amounts of traffic sent across its networks.

Recommended for you

Protective wear inspired by fish scales

January 24, 2017

They started with striped bass. Over a two-year period the researchers went through about 50 bass, puncturing or fracturing hundreds of fish scales under the microscope, to try to understand their properties and mechanics ...

'Droneboarding' takes off in Latvia

January 22, 2017

Skirted on all sides by snow-clad pine forests, Latvia's remote Lake Ninieris would be the perfect picture of winter tranquility—were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ...

Singapore 2G switchoff highlights digital divide

January 22, 2017

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology.

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

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.