source: http://tech-buzz.net/2007/07/16/ishare-content-sharing-platform-from-rediff/
US-based Internet giants such as Google and Yahoo are eyeing Rediff.com India Ltd, which runs one of India's most popular consumer Internet portals, for a possible acquisition. Investment banking sources told Hindustan Times that the management of Nasdaq-listed Rediff was in talks with the global companies for a negotiated takeover deal.
Rediff, Google and Yahoo officials could not be immediately reached for their comments. Talk of the deal is emerging in the context of a general worldwide rebound in the Internet business, and India emerging as a hot story in the global economy with strong growth in both telephone penetration and the Internet in urban areas.
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A good company to acquire very impressive user base quite popular in other-than-email services
but bad in security architecture, sends password in plain text even passive sniffers can read your passwd :)
The company was actually into print ads(rediffusion) before launching the portal & I think advertisment business is still doing good,
Will they sell the portal only or the complete company... |
complete company i presume |