Yahoo’s Acquisition of Maktoob Completed

ArabCrunch Broke at the global level that Yahoo Acquired Maktoob, today it was announced that the deal was completed on Thursday noon.

Yahoo’s acquisition of Jordan based Maktoob is the first major investment by a US tech company in the Arab region.

As we said before this is a game changer to the startups and the tech scene in the region, as investors will start moving to investing in tech companies as they see the exit window is now open for their companies. An Essential part of the ecosystem that is taking its shape in the region.

We at ArabCrunch have a mission to help startups, innovators and the tech industry in the region, that is why we build ArabCrunch.NET as the first online community for the tech and startups ecosystem in the Arab world and beyond.

Here is the video interview AC made  with Samih Toukan the cofounder of Maktoob and with Keith Nillsson VP Yahoo the second day of the deal: