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France can now (legally) veto all acquisitions by foreign companies

2 pointsby joelgaleranabout 11 years ago

1 comment

jacquesmabout 11 years ago
That&#x27;s really great. It wasn&#x27;t enough that they made all French start-ups that ever took money from a government source tainted, now they do it to <i>all</i> French start-ups.<p>This is a real pity. France has a ton of talented people and a fairly unique view on the web and online services dating back all the way to minitel.<p>What once was a leadership position has been eroded over the years into a real-world fight for survival. With &#x27;help&#x27; like this from the French government the fight is all but lost, why on earth would a French person or team with a good or even great idea for a start-up found that business in France when they could just as easily do it in any other EU country without the risk of having an exit blocked?<p>What an absolutely dumb move.<p>The Daily Motion affair should have had the opposite effect.