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MAR 26, 2013 - Business Insider

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Here's Why Marissa Mayer Is About To Spend ~$200 Million On A YouTube Wannabe

Last week, Amir Efrati and Sam Shechner of the WSJ reported that Yahoo is close to acquiring a controlling stake in the YouTube-of-Europe, Dailymotion, at a valuation somewhere around $300 million. We cannot confirm that the deal is done – but we can say that two separate sources, one, close to Yahoo, another, involved in the deals space, believe the deal is as good as done, and talked to us as though it was. Which left us asking: Why is Yahoo buying an also-ran YouTube clone? One answer is that it fits into Marissa Mayer's big picture content strategy, as relayed to us by another ... Read More

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