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Friday, 22 March 2013
Dailymotion May be Bought by Yahoo!
Yahoo! may purchase the video-sharing site Dailymotion.
The ever-growing popular site emerging out of France recently came in 12th place as one of the most used video-sharing sites with a following of more than 116 million users. If Yahoo! does in fact acquire proprietary rights, they are looking to buy around 75 percent of the site from the France Telecom corporation who are the current owners. The internet video-sharing site is worth around 300 million.
Yahoo!'s CEO Marissa Mayer has been currently in the search of obtaining more international business, where the corporation gains most of its profit. Meyer became President of Yahoo! last summer after working for 13 years at Google. She is currently the youngest female CEO of a Fortune 500 firm. In an attempt to help the company, Meyer banned telecommuting last month which stirred up quite a controversy, especially from parents, who found that working from home made their schedule more flexible for their kids. However, Mayer believes this move can better the company by working in an office environment where employees can throw around ideas and work off of each other. Once some of the work-at-home employees, mainly ones who have children, arrive back in the office in the scheduled month of June, they may not like finding Mayer's built in nursery conveniently made for her baby right next door to her office.
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