Hong Kong's PCCW Group said Monday it is ending its bid to take a 49 percent stake in Orange's Dailymotion, citing the French government's preference for a European partner for the French video-sharing platform. "The desire of the French government to encourage the search for a European solution discourages participation of international companies," PCCW said in a statement explaining its decision. Orange has owned Dailymotion -- a rival of YouTube -- since 2012 and has been looking for a partner who would be able to fund its growth and ensure its development outside Europe. France owns a 24.9 percent stake in Orange and Economy Minister Emmanuel Macron asked the company not to enter into exclusive talks with Hong Kong based IT company PCCW before talking to all interested parties, with the idea of finding a European solution. Orange said it was "not in exclusive talks with anyone", but added that it was not opposed to having "a strategic partner to support and accelerate the development of Dailymotion." PCCW is owned by Hong Kong tycoon Li Ka-shing's son Richard Li. Li Ka-shing's Hutchison Whampoa bought British telecom giant O2 last month for $15.2 billion (13.8 billion euros), a move that expanded the tycoon's holdings in the international telecoms industry. A source with knowledge of the Dailymotion talks said that it was now left to the French holding company Fimalac to make an offer for Dailymotion. French newspaper Le Monde reported on Monday that the French media group Vivendi has made an offer of 250 million euros ($275 million) to buy out "almost all" of Dailymotion. This offer negotiated by Orange's executive board will be presented and debated on Tuesday at a special board meeting, added Le Monde. The German groups Axel Springer and Bertelsmann have also been mentioned. This is not the first time the French government has been involved in talks over Dailymotion. In 2013 France's then industrial renewal minister, Arnaud Montebourg, blocked a bid by Yahoo! of the United States to acquire Dailymotion, then valued at $300 million. Dailymotion, a start-up launched in 2005, receives 128 million unique visitors per month, most of them from Europe. The site is available in 18 languages with a strong presence in Turkey and Asia in particular. It has yet make a profit, and only 10 percent of its revenue comes from France.
Did he really mean to say this out loud?
"When you're attacking FBI agents because you're under criminal investigation, you're losing," Huckabee Sanders wrote in Nov. 2016
Volodymyr Zhukovskyy. 26. faced multiple counts of negligent homicide and manslaughter for the crash on Route 2 in Randolph, New Hampshire on June 21, 2019.
- Ukrayinska Pravda
OLENA ROSHCHINA - WEDNESDAY, 10 AUGUST 2022, 18:46 A serviceman of the National Guard of Ukraine has brought down a Russian Su-25 attack jet during aircraft's sortie on the Zaporizhzhia front. Source: National Guard of Ukraine on Facebook Quote: "The Ruscists have lost another Su-25 attack jet.
- Women's Health
Christina Aguilera is showing off her toned abs in a bikini made famous by Addison Rae this past week. She has been big on body positivity and mental wellness.
- Business Insider
A shocked John Kelly told Trump 'those are the heroes' after the president said having wounded veterans in a military parade 'doesn't look good,' book reveals
"I don't want them. It doesn't look good for me," Trump said of including wounded veterans in a military parade, according to an upcoming book.
Two decades after their extraordinary separation surgery, Josie Hull and Teresa Cajas are leading lives that few imagined possible
CNN's Pamela Brown quizzed Rep. Mike Turner (R-Ohio) on his past outrage over Hillary Clinton's handling of classified information.
- Good Housekeeping
'Full House' cast member John Stamos, who played Uncle Jesse, posted an Instagram video of himself with former Hallmark actress Lori Loughlin.
Olivia Newton-John’s Niece Just Revealed the Last Words She Said Before Her Death—Here’s if She Was ‘Afraid of Dying’
The final moments between Olivia Newton-John and her family are emotional.
Simon Cowell Expresses Grief After Daughter Sets Up GoFundMe for Her 'America's Got Talent' and 'The Voice' Contestant Dad's Funeral Expenses
Singer Nolan Neal, who was a contestant on both America’s Got Talent and The Voice has died. He was 41. Neal was found dead in his Nashville apartment on Monday, July 18, with no cause of death yet determined. That said, he did have a self-admitted history of drug abuse. His passing was announced ...
Lindsey Graham says 'nobody's above the law' after FBI searched Trump's Mar-a-Lago club but adds that he's 'suspicious' of the investigation
Unlike Graham, a slew of Republican lawmakers swiftly came to Trump's defense and attacked the Department of Justice.
The Fox News host unloaded a hyperbolic rant about the FBI search at Mar-a-Lago.
- The Hill
Former White House communications director Alyssa Farah Griffin on Tuesday said the FBI’s raid on former President Trump’s Mar-a-Lago property could be the key to him winning the 2024 presidential election. Griffin, in an appearance on CNN’s “New Day,” said she hoped the investigation is about more than Trump not complying with certain archiving laws…
Pundits at the right-wing network seemed to be much more passionate about correctly handling classified information in 2016.
- In The Know by Yahoo
Even a Starbucks barista is not feeling this one.
Donald Trump's Mar-a-Lago home was searched by the FBI. Take a look inside his exclusive resort that the public never sees.
Trump's post-presidential lair is his Palm Beach club, where membership costs $200,000. Here's what the gilded resort looks like beyond the entrance.
And he was almost made into mincemeat…
- LA Times
Prosecutors say they are reviewing previous crashes linked to woman charged with six counts of murder and five counts of vehicular manslaughter.
- Fox News
FBI would not let Trump attorneys in rooms as agents raided Mar-a-Lago, warrant focused on NARA: source
The FBI prevented Trump attorneys from watching as it raided former President Trump's private home at Mar-a-Lago, a source familiar with the raid told Fox News.