Friday, May 05, 2006

Yahoo! looks at acquisitions, tie-ups in India

DNA reports (on Thursday, May 04, 2006 21:16 IST):

NEW DELHI: Global internet company Yahoo! On Thursday said it is scouting for acquisitions in India and has identified some target companies.

"We have identified some companies (for acquisition). Our team in India keeps talking to potential targets. We have come here to go deeper in to the conversations and bring them to conclusion," Terry Semel, Chairman and CEO of Yahoo! said.

Semel said India will be the most important country in Internet, though these are early days for the country.

Tags: funding, software, entrepreneur, venture, emerging


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