{"id":36942,"date":"2013-05-01T09:54:45","date_gmt":"2013-05-01T07:54:45","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=36942"},"modified":"2013-05-01T10:00:47","modified_gmt":"2013-05-01T08:00:47","slug":"yahoo-abandons-dailymotion-bid","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/36942\/yahoo-abandons-dailymotion-bid\/","title":{"rendered":"Yahoo abandons Dailymotion bid"},"content":{"rendered":"

Yahoo Inc has abandoned an effort to acquire a majority stake in online video website Dailymotion due to objections by the French government, according to media reports, scrapping what would have been the biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer.<\/p>\n

Yahoo had been in talks to buy a 75 percent stake in Dailymotion, owned by telecommunications company France-Telecom Orange, in a deal that would have valued the video website at $300 million.<\/p>\n

But French government officials raised concerns that the country would lose control over one of its biggest Internet industry successes in such a deal, according to a person familiar with the matter.<\/p>\n

French government officials and France Telecom executives sought to arrange a deal in which Yahoo would take a 50 percent stake instead, but Yahoo balked, the Wall Street Journal reported on Tuesday.<\/p>\n

Yahoo and Dailymotion declined to comment on the matter.<\/p>\n

Dailymotion is among the most popular online destinations for video, although it lags far behind Google Inc’s YouTube, the world’s dominant video website.<\/p>\n

News that the deal was running into trouble was first reported by French media last week.<\/p>\n

France Telecom-Orange acquired Dailymotion for $170 million through a two-phase deal, with the most recent transaction closing in January. Dailymotion’s editorial and executive management operate independently of France Telecom-Orange.<\/p>\n

Online video, which commands higher ad rates than traditional Web content, is increasingly important to Yahoo as it seeks to reverse a multiyear decline in revenue and visitor traffic.<\/p>\n

Mayer, who took the reins of the struggling Internet pioneer in July, has so far focused her acquisition efforts on scooping up small, mobile start-up companies.<\/p>\n

More Yahoo news<\/h3>\n

Yahoo buys up Summly<\/a><\/strong><\/p>\n

Yahoo looks to buy up video site: report<\/a><\/strong><\/p>\n

Yahoo\u2019s Mayer gets flak for hiring practices<\/a><\/strong><\/p>\n

Yahoo faces lawsuit for \u201ccheating\u201d<\/a><\/strong><\/p>\n

Yahoo shuts down 7 products<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Yahoo Inc has abandoned an effort to acquire a majority stake in online video website Dailymotion due to objections by the French government, according to media reports.<\/p>\n","protected":false},"author":7,"featured_media":10143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,5421,147],"class_list":["post-36942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-dailymotion","tag-yahoo"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/36942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=36942"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/36942\/revisions"}],"predecessor-version":[{"id":36961,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/36942\/revisions\/36961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10143"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=36942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=36942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=36942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}