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FDI: Entry and ownership rule
On 1 April 2015, the French government blocked a bid from Hong Kong telecommunications operator PCCW for the video platform Dailymotion, insisting it should stay in European hands.
The platform was owned by the French leading operator Orange, which belongs in 25% to the French government. Furthermore, the CEO of the French giant is chosen by the government Council of Ministers.
The Financial Times quoted the French finance minister saying: 'All the options have to be explored first because European digital sovereignty is an important issue. We are not saying that we oppose the Chinese offer, there is no veto, but we want Orange to explore all the options first.'
A few days later, on 7 April 2015, it was announced that Orange started exclusive talks about a selling a majority stake in Dailymotion with fellow French media company, Vivendi.
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