Each month, YouTube has over 800 million unique users visits, over 4 billion hours of video are watched and 72 hours of video are uploaded to YouTube every minute. Now Yahoo wants to have its own video streaming site.
According to reports Yahoo Inc. is set to acquire Daily Motion at around $300 million, Europe’s popular online video site from its majority shareholder France Telecom. It’s reported that Daily Motion has also been in looking for a US partner to take on YouTube.
According to LA Times, “Dailymotion is hoping that selling a majority stake to a U.S. partner will help boost distribution, content and marketing deals. The addition of the largest streaming video site after YouTube would give Yahoo a major presence in Web video outside the U.S.”
In January Dailymotion had 112 million unique visits and 2.5 billion page views and operates independently of France Telecom which bought it for $168 million.