Yahoo In Talks To Buy Dailymotion Stake – Report

Yahoo is in talks to purchase a controlling stake in video-sharing site Dailymotion as part of its efforts to expand outside the US, according to a report.

The Wall Street Journal says that Yahoo could buy as much as 75 percent of the site, which is valued at around $300 million, with the option to buy the rest of the company in the future.

The current owner of Dailymotion is France Telecom, which bought 49 percent in 2011 before taking full control earlier this year for a grand total of €127 million.

Dailymotion takeover deal

A deal isn’t imminent and could still collapse, but if completed would be Yahoo CEO Marissa Mayer’s first major acquisition since she took over last year. She has identified overseas markets as an area of growth for the company, which currently generates 70 percent of its $5 billion revenue in the US.

Dailymotion is the 12th largest video site in the world and is particularly strong in countries such as France and Turkey. Last year it agreed a syndication deal with Yahoo to make some of its videos available on Yahoo sites.

The signs suggest that Yahoo might be on the up after years of decline, with the company posting its first revenue rise in four years.

Yahoo recently rolled out a brand new Facebook-influenced homepage for its US website, promising to offer more relevant content to users with a strong emphasis on sharing articles and interests. Mayer has also identified mobile as a priority in her efforts to revive Yahoo, stating that the company has “underinvested” in the fastest growing area of the Internet.

How much do you know about Yahoo? Try our quiz!

New Yahoo Homepage

Image 1 of 7

Yahoo Homepage Mobile
Steve McCaskill

Steve McCaskill is editor of TechWeekEurope and ChannelBiz. He joined as a reporter in 2011 and covers all areas of IT, with a particular interest in telecommunications, mobile and networking, along with sports technology.

Recent Posts

Craig Wright Sentenced For Contempt Of Court

Suspended prison sentence for Craig Wright for “flagrant breach” of court order, after his false…

3 days ago

El Salvador To Sell Or Discontinue Bitcoin Wallet, After IMF Deal

Cash-strapped south American country agrees to sell or discontinue its national Bitcoin wallet after signing…

3 days ago

UK’s ICO Labels Google ‘Irresponsible’ For Tracking Change

Google's change will allow advertisers to track customers' digital “fingerprints”, but UK data protection watchdog…

3 days ago

EU Publishes iOS Interoperability Plans

European Commission publishes preliminary instructions to Apple on how to open up iOS to rivals,…

4 days ago

Momeni Convicted In Bob Lee Murder

San Francisco jury finds Nima Momeni guilty of second-degree murder of Cash App founder Bob…

4 days ago