toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

France helps fund Google competitor

updated 04:30 pm EDT, Tue March 11, 2008

France funds Google foe

The European Commission has approved the contribution of 99 million in French funding to a potential Google competitor, writes Agence France-Presse. The Quaero search engine project represents a collaboration between 23 different companies, including France's Thomson; it has not, however, so far found enough funding to get started, as its costs in the next five years are projected to be 199 million. The Commission itself has expressed doubts about Quaero, saying it "is not spontaneously underpinned by the market owing to divergent interests within the consortium and to uncertainties regarding the project's chances of success."

The funding is in fact unusually timed, as the Commmission has simultaneously strengthened Google by approving its acquisition of DoubleClick, removing the company's final obstacle to expansion. In also supporting Quaero, the Commission argues that the project "brings positive externalities for the community as a whole."

Clients for Quaero are expected to include ISPs, content publishers and movie studios. The finished product should be available from a number of mediums, including computers, cellphones, TVs and other interactive options.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented