Yahoo in talks to buy DailyMotion
Yahoo in talks aimed at acquring a controlling stake in DailyMotion, according to a report printed in The Wall Street Journal
Yahoo is trying to acquire a controlling stake in DailyMotion, one of the world's most popular online video websites, according to an article published in The Wall Street Journal. Citing 'people familiar with the talks' the WSJ says that the search engine could buy as much as 75 per cent of DailyMotion as part of an ownership structure that's currently under consideration.
DailyMotion could be valued at around $300m (nearly £200m) and if the deal goes through, it would mark Yahoo Chief Executive Marissa Mayer's first major acquisition since she was installed at the head of the search engine last year.
DailyMotion, which is owned by owned by France Telecom, is the world’s 12th largest video sharing site. ComScore puts its unique monthly visitors at 116 million and its viewing figures at 2 billion videos. If Yahoo were to acquire it, it would increase the search engine's audience and presence outside of the USA, as DailyMotion is particularly strong in France and Turkey.
Yahoo and France Telecom Orange declined to comment on the WSJ's report.
"We are unable to confirm, deny or comment on speculation regarding potential talks between Yahoo and Orange at this time," Dailymotion Managing Director Roland Hamilton told Reuters in an emailed statement.