Yahoo May Buy Controlling Stake In Dailymotion

 

Yahoo May Buy Controlling Stake In Dailymotion

According to latest reports Yahoo is in talks to purchase a controlling stake in video website Dailymotion. The information has been received from people familiar with the matter. If this is true, it would be the first acquisition that Yahoo makes under the leadership of Marissa Mayer, who took the reigns as CEO after coming over from Google. Yahoo is reportedly going to purchase a 75% stake in Dailymotion, a site supposedly worth around $300 million. Though the deal hasn’t been finalized yet, Yahoo might be able to purchase the entire site in the future. Naturally, both Yahoo and Dailymotion have not commented on the status, or even existence, of this deal. (more…)

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