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August 26, 2009 / Raffy Pekson II

Yahoo To Buy Arabic Website Maktoob

Yahoo recently announced that it intends to buy Jordan-based Arabic website Maktoob.com. The former didn’t specify how much is involved but says its part of their strategy to move into underserved markets. Yahoo says there are 320 million Arabic speakers worldwide and only a small percentage of online content is in that language. The new business called Jabbar Internet Group where Maktoob has 280 workers and offices throughout the Middle East.

Source: San Francisco Biz Journals.

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