Confirmed: Yahoo Acquires Arab Net Portal Maktoob

Yahoo has just officially acquired Maktoob, a very popular Arabic web portal that offers services including search, payments, social network, and auctions. Rumors of an aquisition have been building for months, and in the last hour they reached a head as news of an impending press conference broke. The price hasn’t been announced, but our sources say $85 million.

The MaktoobBusiness Twitter acccount notes that the deal will be “united Yahoo’s 20 million users from the Arab world with Maktoob’s 16

million”, with Vice President Ahmed Nassef stating that it will bring “a sea change in the industry.”

Up until now Yahoo has held a weak presence in the Arab world,

Crunch Network: CrunchBoard because it’s date for you to find a new Job2.0

mobile apps technolgy cellular phone cellphone camera cellphone accessories cellphone reviews mobile downloads cellphone iphone application unlock iphone wireless phone iphone mobile software ringtones smartphone unlock cellphone mobile reviews iphone apps pda gadgets