EC Clears Huge French Aid For Multimedia Search Project

This story was written by Robert Andrews.
The European Commission has cleared France's $151.8 million state aid for Quaero, a Euro-centric multimedia search index being built by a consortium of electronics and 22 other companies. Former French president Jacques Chirac agreed to fund Thomson (NYSE: TOC) for the project back in 2005 - a classic Francophone attempt to build an online service to safeguard European culture from Silicon Valley. More on our sister site paidContent:UK

By Robert Andrews