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.
Yahoo Poaching YouTube Stars, Working On Rival [Report] original content from Ubergizmo.
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