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Yahoo! deal for Dailymotion off, WSJ reports

Yahoo! (YHOO) will not be acquiring online-video site Dailymotion from France Telecom (FTE) after executives from Yahoo! and France Telecom met with French Industry Minister Arnaud Montebourg, according to a Wall Street Journal report. The report cites sources briefed on the meeting that say Montebourg told France Telecom's CFO he would not let the company sell Dailymotion to Yahoo!, and the report says Yahoo! decided not to pursue a deal after Montebourg insisted the company not take a controlling interest in Dailymotion.