Yahoo Moves To Become A Mobile Force - Dailymotion Misses The Train
by Renee Ann Butler
Yahoo (YHOO) has been in talks with French video sharing site Dailymotion for months. The search engine and Internet content company was gearing up to acquire a majority share in the business in a bid to expand its world presence and better compete with rival Google (GOOG) and its popular YouTube. Dailymotion, which is owned by France Télécom, ranks fairly low in popularity amongst US users -- placing at just 22nd in the country -- but it is the 11th most popular in the world. The move would have given Yahoo a firm footing outside the Americas, which currently accounts for roughly 70% of its revenue. read more »
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