According to a Tuesday report in the Wall Street Journal (WSJ), Internet firm Yahoo is currently negotiating the acquisition of a controlling stake in Dailymotion, which is one of the most popular online video websites in the world.

Going by the WSJ report, citing unidentified sources aware of the proceedings at Yahoo, the ongoing talks between Yahoo and Dailymotion might result in the purchase of up to 75 percent of the online Dailymotion by Yahoo. Last year, Yahoo struck a syndication deal with Dailymotion to have the Dailymotion videos available on Yahoo sites.

As per the report, the Yahoo-Dailymotion deal is not imminent, and it may fail to materialize, especially in the wake of the fact that the acquisition would apparently value Dailymotion at approximately $300 million.

However, in case Yahoo's acquisition of Dailymotion, which is owned by French telecom firm France Telecom-Orange, comes through, it will be the biggest acquisition deal for Yahoo ever since CEO Marissa Mayer took over the reins of the company in July last year.

Mayer has been repeatedly emphasizing that Yahoo's investments in international markets would play a significant role in the company's future growth; and she said at an analyst conference last month: "One of the challenges in Yahoo's business is that we are primarily domestic and we don't have enough of our business running it from an international basis."