Arnaud Montebourg and Pierre Moscovici would have derailed the sale of Dailymotion to Yahoo!

by bold-lichterman

According to the daily Les Echos, the state is currently seeking other financial means so that Dailymotion can continue to develop without being entirely absorbed by the American portal.

A few days ago, Le Monde revealed that the French government had opposed the takeover of Dailymotion by Yahoo!. According to information from the Wall Street Journal, the American was planning to take a 75% stake in the capital of the French platform, 100% owned since last January by France-Telecom Orange. However, “the activism of Arnaud Montebourg and Pierre Moscovici” would have derailed the negotiations.

Today, the economic daily The echoes details the new strategy envisaged by the State, based on the comments of Fleur Pellerin: ” We do not want outright absorption by an Internet portal. We are also not seeking to protect ourselves against an American invasion. We just want the hard core to remain Dailymotion. “

In details, the leaders of Dailymotion would like to raise a total of 50 million euros to finance the growth of the platform and not continue to be left behind by YouTube, their main competitor. On the menu: “R&D efforts, development of foreign subsidiaries (Spain, Japan, Brazil, etc.), purchase of rights and technological acquisitions, particularly for mobility. “

To support the ambitions of the French company, which has nearly 120 million unique visitors per month, the government would therefore be ready to involve the Fonds pour la société numérique PME (FSN PME), endowed with a budget of 400 million dollars. ‘euros. The objective is not to add too much to the expenses of the owner operator.