Is Google readying to make its first India buy?

Hindustan Times is reporting that Google and Yahoo may be eyeing, the pioneering internet portal set up by Rediffusion co-founder Ajit Balakrishnan.

The NASDAQ-listed company, which also publishes the weekly India Abroad newspaper in the United States, is valued at nearly $750 million (approximately Rs 3,000 crore), and rediff’s share price has gone up significantly in recent times.

Balakrishnan has been quoted recently that rediff was looking at an India listing.

Link via I want media

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