YHOO: Yahoo's (YHOO -0.3%) video business is...

12:57 PM Yahoo's (YHOO -0.3%) video business is "growing a lot" and is a top priority for the company, says Marissa Mayer during a Reuters conference talk. Reuters reports Yahoo, prevented by the French government from acquiring Dailymotion, is still bidding for Hulu, but other reports have indicated a Hulu/DirecTV deal is imminent. Mayer adds growing traffic is a bigger near-term priority than improving monetization (Tumblr definitely helps with the former), says Yahoo will remain "an ad company" even its tries "some other things," and says she has created a system  that has eliminated 700 unnecessary processes at the company. "I think we can all figure out how to use a treadmill without an orientation." Read comments

YHOO price at time of publication: $25.27. Check YHOO price now »

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• Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
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