France kills Yahoo-Daily Motion deal

Yahoo Scraps Deal for French Video Site - ""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." Efforts since then to salvage the sale have failed. Yahoo decided not to pursue a deal after Mr. Montebourg insisted that it not take majority control, the people added. But France Télécom—27% owned by the French state—remains open to a deal if Yahoo wants to come back to the table, one of the people added. A spokeswoman for Yahoo and a spokesman for Dailymotion declined to comment. The French newspaper Le Monde earlier reported the collapse of the talks . . . The collapse of talks to sell Dailymotion risks damaging France's image with foreign businesses and investors at a time when France is depending on them for growth." read more at link above

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