Posted by: youngragingbull | March 19, 2013

Yahoo to buy Dailymotion stake: WSJ

Yahoo Inc. is in discussions to buy a controlling stake in the Dailymotion video streaming site from France Telecom SA, according to a report by the Wall Street Journal on Tuesday.

Citing unnamed sources, the report said Yahoo may buy a 75% stake in the site, which could fetch a total valuation of around $300 million.

It would be the first major acquisition since Marissa Mayer took over the CEO job at Yahoo last year.

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