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Yahoo Set To Acquire Dailymotion At $300 Million To Take On Google’s YouTube

Milcah Lukhanyu by Milcah Lukhanyu
8 years ago
in Business
3 min read
0

logo_dailymotion_square_normal 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 the discussions, Yahoo is set to own 75% of Dailymotion then complete the acquisition later according to the Wall Street Journal reported.

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.

 

 

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Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

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