Emmanuel Macron opposes exclusive negotiations with the Hong Kong PCCW Group.
The Minister of Economy, Industry and digital, Emmanuel Macron, opposes the “ exclusive negotiations ” between the direction of Orange and the Hong Kong PCCW Group for the sale of 49% stake in the video platform Online Dailymotion.
“ We asked Orange to take into account the elements of the European digital sovereignty ,” said the World Emmanuel Macron. “ It is necessary that all options (on the table) to be examined s,” he said to AFP, implying that a European partner would be better when he tries, with its European partners, to assert an ambitious Digital Agenda for the Old Continent.
Stéphane Richard, CEO of Orange, said in mid-March have entered negotiations with the holding company of Richard Li, the son of famous billionaire Li Ka-shing, one of the richest men in Asia, but said that “ discussions were ongoing with partners “. In recent months, he notably discussed the issue with the American or Japanese Softbank Microsoft.
According to Le Monde, Fimalac, the group of Marc ladreit of Lacharrière, owner of Screenrush would be interested. The names of the German Axel Springer and Bertelsmann, but also from the French Vivendi, owner of Canal +, are also mentioned as saying.
The position of Emmanuel Macron is not unlike that of his predecessor, Arnaud Montebourg, who in 2013 had opposed a sale of more than 50% of Dailymotion capital to US Yahoo !, making derail the operation. Mr. Macron however, indicated that he would not veto against the choice of Orange Board of Directors, which the state is a shareholder with 25%, says Le Monde.
Asian Opportunities
An Asian partner seemed favored by Orange as it is one of the few places where there are alternatives to American giants like Google and Amazon. Dailymotion already generates a quarter of its audience on the continent, where the video is booming, especially on mobile. The advertising market is following the trend. In the entire Asia-Pacific region, the Internet advertising investment was estimated last year at $ 46.5 billion, and the market could double by 2018. Finally, Asia could present opportunities the dissemination of video games. Dailymotion recently launched its own stream of video game solution, a competitor of Twitch (Amazon).
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