Friday, 7 December 2007

Yahoo! India forms joint venture with large Hindu Publisher

Yahoo! Group has formed a joint venture with one of the largest News publishers in India. The new venture, to be called Jagran Yahoo! India, is going to combine news and other content into a single site.

Apparently Jagran's site accounts for about 80% of India's online audience, that's a lot of people. Yahoo! shares will probably sky rocket due to this. India's technological expertise is creating many more opportunities for companies to carve out a larger piece of the net.

I seriously think Yahoo! shares would be a great investment, they will be earning a fortune from this deal and gaining substantial media coverage - mainly from their own venture!

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