Yahoo has signed an agreement to buy Maktoob.com, the leading online community in the Arab world with more than 16.5 million users.
Through the acquisition announced Tuesday, Yahoo will join its own services with Maktoob.com's local content, providing people with Arabic-specific information and Arabic versions of Yahoo Messenger and Yahoo Mail.
Popular in such countries as the United Arab Emirates, Jordan, Kuwait, Egypt, and Saudi Arabia, Maktoob.com says it reaches one-third of those online in the Arab world.
And there is room to grow. Citing figures from the World Bank, Yahoo noted that more than … Read more