Yahoo in talks to buy stake in video site Dailymotion: report

Yahoo Inc. is in talks to acquire a majority stake in Dailymotion, one of the most popular online video websites in the world, in what would be lar...


Yahoo in talks to buy stake in video site Dailymotion: report

Yahoo Inc. is in talks to acquire a majority stake in Dailymotion, one of the most popular online video websites in the world, in what would be largest transaction Yahoo CEO since Marissa Mayer took the reins in July, The Wall Street Journal Tuesday.

Yahoo could buy up to 75 percent of Dailymotion, which is owned by the French company France Telecom-Orange telecommunications, the newspaper said, citing unnamed sources.

Dailymotion

could be worth about $ 300 million, according to the report, which noted that the agreement is not imminent and may fall apart.

“We are unable to confirm or deny or comment on speculation about possible talks between Yahoo and Orange at this time,” Dailymotion director Roland Hamilton said in an e-mailed statement.

Yahoo and France Telecom-Orange has declined to comment.

France Telecom-Orange Dailymotion acquired for $ 170 million by an agreement in two phases, with the completion of the transaction, the most recent in January. Editorial Dailymotion and management operate independently from France Telecom-Orange.

Dailymotion is the number 12 ranked online video web property in the world, according to comScore research industry. Dailymotion he says has 116 million unique visitors per month and more than 2 billion video views. Google Inc., which owns YouTube, is World No. 1 video on the web, while the ownership of several websites Yahoo was 10th on the list.

transaction would Dailymotion biggest transaction since Yahoo Mayer, a former executive of Google, took over last year. Yahoo has acquired several small businesses and mobile web startups since Mayer became chief executive last year.

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