Yahoo is apparently abandoning plans to secure majority control over video site Dailymotion due to objections from the French government.
According to Reuters, plans to secure a 75 percent stake in the video site -- owned by telecommunications company France-Telecom Orange -- fell apart after the French government objected to the idea that the "country would lose control over one of its biggest Internet industry successes in such a deal."
The French government sought to persuade Yahoo to acquire a 50 percent stake instead. However, this apparently wasn't an option the tech giant was willing to entertain. … Read more