Yahoo! Eyes Arab World with Maktoob.com Acquisition
Yahoo! acquired Arab online community Maktoob.com, and the two companies said they will combine efforts to offer Arabic-specific information and Arabic versions of Yahoo! Messenger and Yahoo! Mail, CNET reported.
Maktoob.com has more than 16.5 million users in countries including the United Arab Emirates, Jordan, Kuwait, Egypt and Saudi Arabia, and it claims that it reaches one-third of online people in the Arab world.
The two companies said they expect the transaction to be completed in the fourth quarter, after which Maktoob.com
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