Yahoo to buy Maktoob.com

“This acquisition will accelerate our strategy of expanding in high-growth emerging markets where we believe Yahoo has unparallelled opportunity to become the destination of choice for consumers,” Yahoo Chief Carol Bartz said.

Maktoob.com is accessed by users in countries that include UAE, Jordan, Kuwait, Egypt and Saudi Arabia. Yahoo and Maktoob are natural partners and this combination should help energise the Internet market in the region as a whole.

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