Rediff Possible Google, Yahoo Buy To Imrove India Presence

The value of Rediff India Ltd. – which owns one of India’s most popular consumer Internet portals – has been speculated as a possible acquisition by Google and Yahoo by numerous publications recently.

“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,” the the Hindustan Times reported today.

While Barrons suggested the price of Rediff right now may be too high.

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