Location: USA, Sunnyvale, CA
Description: Internet services worldwide
Description: biggest online Arab community
Contact: Samih Toukan, Chairman (JIG)
Price undisclosed. The group will be rebranding to Jabbar Internet Group (JIG), injected with a $20 million investment, and chaired by Samih Toukan. The deal only involves the Maktoob.com portal and its sub-divisions (including Maktoob Research, Bentelhalal and others), that will become a wholly-owned subsidiary of Yahoo!. The other sister companies within the Maktoob Group which are: Souq.com, CashU, Tahadi, Araby and the newly acquired E-marketing MENA (which will be rebranded to Ikoo) are not part of the deal, and they will go on with business as usual under the group’s umbrella.
Story Link – startuparabia
Database Acquisitions – November 2009