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Yahoo's Deal For Dailymotion is Off

     
3:19 pm on May 1, 2013 (gmt 0)

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At an April 12 meeting in Mr. Montebourg's Paris office, the minister told Yahoo's chief operating officer, Henrique de Castro, and France Télécom's chief financial officer, Gervais Pellissier, that he didn't want 75% of a rare French Internet success story to be sold to an American Web giant, according to people briefed on the meeting.

Yahoo's Deal For Dailymotion is Off [online.wsj.com]
"I won't let you sell one of France's best startups," Mr. Montebourg told Mr. Pelissier, his voice raised, according to people briefed on the meeting. "You don't know what you're doing."


Earlier story
Report: Yahoo In Talks Over Dailymotion Video Site [webmasterworld.com]
4:31 pm on May 1, 2013 (gmt 0)

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+1 for Arnaud..
Yahoo veut dévorer Dailymotion. Nous leur avons dit non, ce sera 50/50


[europe1.fr...] in French..quote confirmed by Arnaud Montebourg..

Translation..
Yahoo wants to devour Dailymotion. We've told them no, it will be 50/50..

Yahoo declined the deal on those terms..