News agency Bloomberg reports that France will set up a fund to protect home-grown technology companies that may become “prey” for foreign buyers.
The 150 million euro ($170 million) fund through state-backed lender Bpifrance Financement SA will be available to invest in local companies if they’re approached by an unsolicited foreign investor, it said in a statement on Friday. The government may increase the fund to 500 million euros from early next year.
via: Bloomberg
