Yahoo! planning to bid for a 75% stake in Daily Motion
Yahoo! could soon have a controlling stake in online video service Daily Motion, according to a report from the Wall Street Journal.
The report states that Yahoo! could bid for as much as 75 per cent of the popular website which is owned by France Telecom.
If successful, it would be the first major acquisition from Yahoo! CEO Marissa Mayer since she arrived at the company last year.
The site is worth around £200 million, with around 116 million monthly users, making it the 12th largest video streaming site in the world.
France Telecom has thus far not commented on the reports.