The Yahoo! – Maktoob acquisition deal that was announced last August, has officially closed today at noon (UAE time).
It had already been announced upon signing the definitive agreement back in August that the deal was expected to be sealed in the fourth quarter of the year.
So starting noon today, Maktoob.com and all its sub-divisions (including Maktoob Research, Bentelhalal and others) are officially part of Yahoo!, marking the completion of the first major deal of its kind in the region.
The first steps for the company are to work on introducing flagship products like Yahoo! Mail and Instant Messenger in Arabic, as well as the Yahoo! Maktoob Arabic homepage; then to keep moving on to provide other Yahoo! services in Arabic, and help enrich Arabic content online. Other local services for the region will also be considered and developed.
[Full Disclosure: I have personally been working with Maktoob.com ever since the beginning of 2009.]
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