IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2015 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.