D'Hinnin said MySpace, part of Rupert Murdoch's News Corp. (NWSa.N: Quote, Profile, Research, Google's (GOOG.O: Quote, Profile, Research YouTube in the United States, video sharing site Daily Motion and Skyblog in France had no clear business model or coherent view on what would be the success story in the years to come.
"We are not ready to buy MySpace or YouTube," noting they were in any case not for sale. "I don't want to mention the names that are for sale," he said, adding that Skyblog was a perfect example of a company Lagardere was not interested in.
"It is not our business model," D'Hinnin said.
Skyblog's co-founder and chief executive Pierre Bellanger told Reuters on Monday it was exploring tie-up talks with global media and Internet giants such as Google (GOOG.O: Quote, Profile, Research to accelerate its growth beyond Europe.
Bellanger declined to specifically identify the companies Skyblog was talking to, but said the so-called 'GYM' companies -- Google, Yahoo and Microsoft (MSFT.O: Quote, Profile, Research -- would work well.
D'Hinnin said Lagardere was also wary of social networking sites because of their inherent volatility.
"It is fine if you launch the activity and you better sell it, but you don't want to be the buyer," D'Hinnin said.