Acquisition date: 08/25/2009
Acquisition info: link
Profile: Maktoob.com, a Dubai-based company, is the leading online community in the Arab world, with more than 16.5 million unique users. While Internet usage in the Middle East has grown more than tenfold since 2000, most markets are still in the early stages of adoption. According to the World Bank, there are more than 320 million Arabic speakers worldwide, while less than one per cent of all online content is in Arabic. “This acquisition will accelerate Yahoo!’s strategy of expanding in high-growth emerging markets where we believe Yahoo has unparalleled opportunity to become the destination of choice for consumers,” Yahoo CEO Carol Bartz said.