Yahoo has decided to buy Maktoob.com, according to the Jordan-based website. Maktoob hosts the Arab world's largest online community.
On August 25, Yahoo signed an agreement with Maktoob Group. The terms of the contract are currently unknown to the public.
'This deal will push other online/media companies into looking at how they can expand their own products,' said the UAE's daily Gulf News.
According to Maktoob, industry figures have warned that rivals will soon be looking to follow suit.
The new team now has a user base of perhaps as many as 36 million people on 10 different websites all around the Arab world; a testament to the worldwide reach of today's social media. Evidently, one of Yahoo's missions is to better connect the world.
Yahoo and Maktoob say they'll be offering services such as news, email, IM, security features, online photo storage and social networking of course. And it'll all be free.
Zawya Dow Jones says that Yahoo is also planning on expanding into other emerging markets in South East Asia, India, Latin America, Africa and the Middle East. Yahoo recently joined forces with Microsoft in an effort to compete with Google in the internet search and advertising biz.
On August 25, Yahoo signed an agreement with Maktoob Group. The terms of the contract are currently unknown to the public.
'This deal will push other online/media companies into looking at how they can expand their own products,' said the UAE's daily Gulf News.
According to Maktoob, industry figures have warned that rivals will soon be looking to follow suit.
The new team now has a user base of perhaps as many as 36 million people on 10 different websites all around the Arab world; a testament to the worldwide reach of today's social media. Evidently, one of Yahoo's missions is to better connect the world.
Yahoo and Maktoob say they'll be offering services such as news, email, IM, security features, online photo storage and social networking of course. And it'll all be free.
Zawya Dow Jones says that Yahoo is also planning on expanding into other emerging markets in South East Asia, India, Latin America, Africa and the Middle East. Yahoo recently joined forces with Microsoft in an effort to compete with Google in the internet search and advertising biz.
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