France’s industry minister said he had blocked Yahoo’s plan to buy a majority stake in online video website Dailymotion because the US group wanted to “devour” its smaller competitor.
Yahoo, which declined to comment, had been in talks to acquire a 75 per cent stake in Dailymotion, owned by France Telecom’s Orange, a deal that would have valued Europe’s largest video website at US$300 million (HK$2.33 billion).
via Business feed http://www.scmp.com/business/companies/article/1228207/french-minister-says-yahoo-wanted-devour-website
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