Yahoo could buy controlling stake in Dailymotion, reports WSJ
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Yahoo is reportedly in discussions to acquire up to a 75 percent stake in Dailymotion, according to The Wall Street Journal. Such a move could instantly reinvigorate the company's efforts in web video — particularly internationally. Since coming under Marissa Mayer's stewardship, Yahoo has largely refrained from major acquisitions or buyouts, but the WSJ says current talks put Dailymotion could be valued at up to $300 million. As of December, the video sharing site was pulling in 116 million unique monthly visitors, making it the world's second most popular video portal behind YouTube. Dailymotion is based in Paris and, should a deal go through, it's unclear whether Yahoo would relocate the company's 165 employees to the US or have them continue their work abroad.
- SourceThe Wall Street Journal
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