Yahoo's bid for a controlling stake in video portal Dailymotion has ended after the French government raised objections to the deal, according to reports. The collapse of the talks is a blow to Yahoo, which has been fighting the perception it is irrelevant by acquiring up-and-coming talent and releasing well-regarded new apps. It also deprives them of a new distribution channel for original programming and the advertising that will run alongside it.
Dailymotion is owned by France Telecom-Orange, in which France holds a minority stake. TechCrunch , building on an earlier report from Le Monde , reports that France's minister of industrial renewal did not want to see one of France's marquee Internet companies sold off to a U.S. tech giant....
via The Verge - All Posts http://www.theverge.com/web/2013/4/29/4283810/france-reportedly-scuttles-yahoos-bid-for-dailymotion-video-portal
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