March 20, 2013

Yahoo! May Buy Dailymotion

Yahoo! company is in talks to buy a controlling stake in one of the world's largest video sharing Dailymotion, writes The Wall Street Journal . After YouTube being blocked in some Islamic Countries, Youtube became some what less accessible in those areas. A part from that people started using Dailymotion instead and is now one of the leading video websites.

Yahoo! may buy 75% stake in the company, which is currently owned by the French France Telecom-Orange, the newspaper said. Dailymotion is estimated at $ 300 million in the companies declined to comment.

According to ComScore, Dailymotion monthly audience of over 116 million unique visitors.According to this index Dailymotion ranks 12th in the world among video sharing.

Dailymotion transaction may become the largest in the company with Yahoo! since its CEO was a former top manager of Google, Marissa Mayer. Purchase may help Yahoo! increase its presence in the European and Asian markets.

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