Why France blocked Yahoo deal to 'devour' video site Dailymotion

Industry minister scuppered deal after Yahoo had been in talks to acquire a 75 per cent stake in Dailymotion, owned by France Telecom’s Orange.

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France’s industry minister said he had blocked Yahoo Inc.’s plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to “devour” its smaller competitor, reports The Globe and Mail.