Published in News

Yahoo needs a Dailymotion

by on20 March 2013

Lack of fibre

Yahoo is about to buy a controlling stake in Dailymotion, which is an online video website.

It would be Yahoo CEO Marissa Mayer's largest deal since taking the reins in July. Under the deal Yahoo would buy 75 percent of Dailymotion, which is owned by France Telecom-Orange. Dailymotion is valued at roughly $300 million. Yahoo and France-Telecom Orange declined to comment.

France Telecom-Orange acquired Dailymotion for $170 million through a two-phase deal, with the most recent transaction closing in January. The outfit is the twelfth largest online video Web property in the world and has 116 million unique monthly visitors and more than two billion videos viewed. Number one is YouTube.

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