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I'm French, and I can tell you Carrefour is a very famous brand in France. So to me there is no way Amazon will buy it, I just don't see this being accepted by
by grondilu 9y ago
I'm French, and I can tell you Carrefour is a very famous brand in France. So to me there is no way Amazon will buy it, I just don't see this being accepted by public opinion, and thus by the French government.
- jypepin 9y agoI'm French, and that's also the first thing I thought when I read this title. I really don't see this happening, knowing how the French government is anti us tech companies (remember when yahoo wanted to buy Dailymotion?)
- agumonkey 9y agoConsidering what Dailymotion became, I'm not sure protectionism was the right choice.
- jypepin 9y agoI'm definitely against it - just stating the facts!
- agumonkey 9y agoI got you, you're right, compared to dailymotion, Carrefour is a national monument and I wouldn't bet a dollar that Amazon will be able to touch one hair of it. ps: that said, I despise large retail stores
- zer0tonin 9y agoThe website dailymotion.com is falling apart, but the company is still doing alright by focusing on hosting videos for third party websites. And it's good to remember that getting acquired by yahoo has been a death sentence for a few sites.
- agumonkey 9y agoAlso their warehouse practices seem to be unwelcomed to say the least.
- yodsanklai 9y ago> I just don't see this being accepted by public opinion, and thus by the French government Do they have a word to say on the issue?
- grondilu 9y agoWell, now that I think about it, Arcelor was bought in 2006, despite public hostility. But really, Carrefour is a big name in France. If Amazon buys it and the government either does nothing or fails to prevent it, the French left-wing will go nuts.
- Simon_says 9y agoThey're already nuts.
- runeks 9y agoI’m also interested in hearing how willing the French government is to prevent the acquisition of a French private company. I’d think this should be up to the owners of the company in question, but the people of France may disagree with me.
- grondilu 9y agoThere is a rich legal background surrounding mergers and acquisitions in financial markets, not to mention the antitrust laws. The French government can even write new laws if need be. France is only theoretically capitalistic, in practice the weight of the government is heavy on companies.
- sametmax 9y agoUnless someone big can make a case that it would be building some kind of monopoly, I doubt french people can do anything about it. Since the competition is fierce in retailing, it would not fly anyway. If amazon manage to negotiate the acquisition, I don't think it can be easily stopped. Even if my country forbid it for obscure reasons, Europe would probably override the decision. It's funny reading the reactions from my french co-citizens, like they are talking about selling the Eiffel Tower.
- danmaz74 9y agoThe thing that really worries me, as a EU citizen (Italian), is Amazon cheating on taxes through Luxembourg. If we continue this way, Luxembourg and Ireland will end up stealing all corporate taxes from all of the rest of the EU. EDIT: I thought it was Ireland, in this case it was Luxembourg.
- clort 9y agoAre they cheating, or are they using the EU as it is intended to be? I mean sure, they may not be paying any taxes though Ireland doesn't seem to get much of them either.. perhaps its time to change the EU somehow, to prevent this?
- danmaz74 9y agoThey are cheating legally (as opposed to Apple). Yes we should change this, problem is that Ireland and Luxembourg will oppose any changes as they make loads of money from this system. PS I fixed my comment, I thought it was Ireland but in this case it was Luxembourg.