Yahoo eyeing major stake in Dailymotion
Summary: The Internet giant is reportedly in talks to to buy as much as a 75 percent stake in the video-streaming site, which will give it a bigger foothold in that space outside the United States.
Yahoo is looking to buy a majority stake in Dailymotion, in what is being billed as possibly new CEO Marissa Mayer's largest deal since taking over last July.
According to a Wall Street Journal (WSJ) report Tuesday, Yahoo could acquire as much as 75 percent of the video-sharing site. It cited people familiar with the talks, who pointed out it was still far from a done deal and could fall apart.
Dailymotion could be valued at around US$300 million, said one of WSJ's sources.
The acquisition could give Yahoo a bigger presence in the online video space outside the United States such as Europe and Asia, where it has emphasized would be key to its growth. Acquiring Dailymotion will also better equip Yahoo to rival Google in the segment which owns YouTube.
The video site is the 12 largest in the world by unique users, with 116 million in January, according to research firm comScore, noted WSJ. It has a particularly strong presence in Turkey and France.
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