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Yahoo Acquires Maktoob

Sometime I honestly wonder who is in charge over at Yahoo. Yahoo apparently has purchased Maktoob for around 75 million dollars, or a few hundred thousand barrells of oil. The Jordan based technology portal is one of the biggest in the Arab world.

I don't think this really fits into what Yahoo needs to be focussing on and that's the US and English speaking content markets and the fast growth Asian content markets.

Whatever I guess Yahoo didn't believe they could build their own portal and have the same level of saturation but this is a lot of money for a market they really have no business being in in the first place. I doubt too many American based corporations can have much impact in the Arab world and gain any respect.

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