France won EU approval Tuesday to give $152 million to several companies hoping to build a European rival to U.S. search giant Google Inc.
The potential benefits of allowing France to fund technology group Thomson SA and 22 other companies working on the QUAERO multimedia search project in Europe outweigh any gain Thomson would win over rivals, the European Commission said.
QUAERO _ Latin for "I search" _ would develop technology for working with all platforms, including desktops, mobile devices and televisions. Its products would be sold to TV companies, filmmakers, post-production facilities and anyone who creates or uses audiovisual …
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