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Yahoo is buying Arabic-language Internet portal Maktoob to expand its presence in that part of the world. The company did not disclose financial details, though TechCrunch’s sources put the price at $85 million while other sites, such as ArabianBusiness.com, say $100 million. Read More

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. Read More