Yahoo reportedly in talks to buy stake in Dailymotion
March 20 , 2013
Yahoo is reportedly in talks to acquire a controlling stake in Dailymotion, one of the world's biggest online video websites, according to the Wall Street Journal on Tuesday.
In what would be CEO Marissa Mayer's largest deal since being appointed to the post in July, Yahoo could purchase as much as 75 percent of Dailymotion, which is owned by French telecommunications firm France Telecom-Orange, according to unnamed sources cited in the article.
"We are unable to confirm, deny or comment on speculation regarding potential talks between Yahoo and Orange at this time," said Dailymotion Managing Director Roland Hamilton in an emailed statement.
Meanwhile, both Yahoo and France-Telecom Orange declined to comment.
France Telecom-Orange acquired Dailymotion for $170 million through a two-phase deal.
With 116 million unique monthly visitors and more than 2 billion videos viewed, Dailymotion could be valued at around $300 million.
It is the world’s 12th largest online Web video property. Google’s YouTube is the world's top Web video property.
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