Yahoo!'s Arabian Bet [themoneytimes.com]
Yahoo! (Nasdaq: YHOO) is buying Maktoob, an online community reaching 16.5 million unique Arab visitors.
It may not seem like a huge audience, but that's only because the
Internet is still new to many people in Middle Eastern markets such as
United Arab Emirates, Egypt, Jordan, Kuwait, and Saudi Arabia. There
are 320 million Arabic speakers in the world, according to World Bank,
and Maktoob reaches a third of those who are online.
Yahoo! is buying in early, the way it has with Yahoo! Japan, China's Alibaba, and South Korea's Gmarket before eBay (Nasdaq: EBAY) acquired the Korean online marketplace.