The Richest Woman in the World: How Gina Rinehart Earns her Billions
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
Over the years, Yahoo! (NASDAQ: YHOO) has aggressively expanded into global markets, such as China (through Alibaba) and Japan (through Softbank). Now, the company is seeing opportunity in another large area: the Middle East.
Today, Yahoo! announced a deal to purchase Maktoob.com. The terms were not disclosed, but the rumors are that the price tag was between $75 to $80 million. Maktoob.com, which gets about 16.5 million unique users, has enormous amounts of local content -- in Arabic (the locations include Egypt, Jordan, Kuwait, Saudi Arabia, and the United Arab Emirates). In fact, the site reaches one-third of online users in the Middle East.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
