Google has offered an olive branch to France's newspaper industry and government with the launch of a €60m ($81m) fund to support the country's press through its move into the online world, reports CNBC.
The fund, which was created Thursday, is part of a deal made with the industry and the government to finance projects aimed at increasing the audience and revenue of online news outlets, and comes after years of bitter disputes with the French press.
The disagreement took a drastic turn mid-2012, when representatives of the French media sector asked for the creation of a "neighbour's right" to allow newspapers to be paid each time a search engine indexed one of its articles online.
The government, rallying behind the press, had then threatened the online giant that it would start thinking on ways to legislate the issue unless the two sides could quickly reach an agreement.
Read more of this report from CNBC.