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.
