Yahoo Poaching YouTube Stars, Working On Rival [Report]

Yahoo Poaching YouTube Stars, Working On Rival [Report]

It has long been rumored that Yahoo is interested in taking on YouTube. Apparently the company was looking into acquiring a major chunk of Dailymotion, but the deal is said to have been blocked by the French government. Yahoo might have given up on purchasing a majority stake, but its ambitions of taking on YouTube haven’t died down. Re/code reports that Yahoo is building its very own YouTube rival, and it may hurt Google’s video giant where it hurts in the process.

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