Yahoo’s (YHOO) ambitions to expand its reach on the web have now come into clearer focus now as The Wall Street Journal reports that the company is considering buying a major stake in Dailymotion, the second-largest video sharing website on the Internet after YouTube. Unnamed sources have told the Journal that buying a stake in the French video-sharing site “would help U.S.-based Yahoo to gain a bigger toehold in online video in parts of Europe and Asia.” The Journal’s sources also say that Yahoo initially plans to buy as much as 75% of the site while retaining the option to purchase the entire company, which could be valued at $300 million.
Yahoo eyes major stake in YouTube alternative Dailymotion
Published Mar 20th, 2013 10:05PM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
