Updated: A Multi Million Deal: Google to Acquire a Jordanian Startup?
Coinciding with Google’s executive trip to Jordan and across the region, I’ve been hearing rumors that Google is in acquisition talks with a Jordanian internet startup, the deal is rumored to be in millions of dollars. I have the name of the startup but I won’t mention it, if these rumors were true it will mark the 1st Google acquisition in the Arab world. However I’ll be looking for confirmation from Google.
Google has been lately active in the Arab world; they have now marketing and sales teams, in UAE, KSA, Egypt and Ireland to support the push for Google’s product in the Arab world. They have also Arabaized many of their products, recently they launched Doodle competition and launched an offical blog for the Arab world
In the financial side Google offered Google Award for the Best Online Business Plan in Jordan part of Queen Rania National Entrepreneurship Competition (QRNEC) and today they have announced Google Ventures its long awaited venture capital (VC) arm, offering seed funding to tens of millions of dollars depending on the stage of the company. According to Google blog post, the fund will be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and “other areas google have not thought of yet.”
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Update: Joanne Kubba Google, Middle East and North Africa, Global Communications and Public Affairs Manager responded to me saying: “I can confirm that this is in fact pure rumor.” however my source/s said that Google is in acquisition talks with the Jordanian startup, I’ll spend more time investigating this story, as I said at the begging of this post “I’ve been hearing rumors” I did not say that this deal/talks is 100% confirmed as I did not have enough sources to verify the story. The source party is a respected person/s and I won’t reveal the name unless a green light is given from him/them.
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