Yahoo! opens R&D center in Israel, inks deal with Walla!
Read the full article: http://www.vccafe.com/2008/01/17/yahoo-opens-rd-center-in-is...
Following Microsoft and Google, Yahoo! (Nasdaq:YHOO) is officially coming to Israel - with a bang. The search engine’s penetration plan has two fronts: opening an R&D center in Haifa and entering the content business through an agreement with Walla! (TASE:WALA), the second largest Israeli portal: offering news & entertainment content, email services and search, making it Yahoo’s Israeli cousin
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Yahoo has to do something
Yahoo has to do something different to regain some traction. Google has focused on Asia, do they have a presence in Israel?
It's not surprising that
It's not surprising that Yahoo is going to israel. More than $1.7B were invested in tech companies in 2007 alone.