French Official Backs Off Control of Video-Sharing Site

There is no need for France Telecom's Dailymotion, an online video-sharing website, to remain wholly French-owned, and all options must be studied, the junior minister for digital economy, Fleur Pellerin, told French media. Last week, Industry Minister Arnaud Montebourg said he had blocked Yahoo Inc's plan to buy a majority stake in Dailymotion because the U.S. group wanted to "devour" its smaller competitor, prompting another row over political interference in French companies.