Google or Yahoo might acquire Rediff?
(Rate this article)
Loading ...Email It!
‘US-based Internet giants such as Google and Yahoo are eyeing Rediff.com India Ltd,’ reports Hindustan Times. 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 is definitely India’s leading portal and off late have looked at incorporating certain Web 2.0 elements – Rediff BlogShowcase and Rediff iShare.
I’m not sure how Google will plan to integrate Rediff – but it definitely makes more sense for someone like a Yahoo or AOL (Who recently launched their India operations) to acquire Rediff. MSN can be a possible acquirer too!
If a deal does happen, the value can easily be pegged close to a $1 Billion.
The NASDAQ listed Rediff has a current market cap of $738 million. Off late trading volume has seen a sharp rise. The company’s stock moved up from $17.94 / share (July 5) to $25.41 on July 13.
Do share your views of a possible acquisition with us. Which company do you think will ultimately acquire Rediff? There have also been rumours of a Rediff Indian IPO!
Loading ...
I think Yahoo will be perfect for acquisition of rediff as both fall in similar shadow. Hope yahoo will win this deal.
Google not fit for acquisition of rediff.
Ekalavya: You designed Very creative logo. Keep it up.
Thanks mahesh!
Missed out on the shadow on the Google logo. Didn't have much time…he he!
Personally i don't think Rediff will get acquired.
nope no one will acquire rediff
it wont add value to any of the suitors the only possible one is yahoo who might be interested in rediffmail but not rediff the portal as all the other products of rediff are bullshit only rediffmail has a substantial amount of users in india.
MSN will definitely stay away from them
AOL are only looking at their operations and this acquisition would be a big risk for them
google will not even consider unless they just want to have some fun and just buy google and replace gmail with rediffmail 8o|
Well about their IPO i think that is the route which they will take considering none of the products launched by rediff over the past year are no where near to be called success so even this route will be a risky one for them coz if they get hammered in indian stock market it will be heavily reflected in their nasdaq listing
All I can say is rediff is in a soup with the revitalized interest of yahoo,aol and msn in india and rediff management is desperate to do something about it in their desperate attempt they launch two ridiculous products recently blogshowcase and ishare
innovation starts at the top and rediff's management is not even within a few hundred km's range of innovation
what they need is fresh transfusion of innovation at every offering and I dont see that happening
I have been telling since from launch of ishare that it is not good product but it will catch only certain people and those people will not stick with it for long period just like we stick with Google. Rediff management have assumed that indian people are not aware of technology and we can run as long as people start ignoring and we can make money by ads until then.
Rediff and Indiatimes are strong in money but empty of creativity and innovation.
As i have been watching ishare in alexa its traffic is declining though i don't trust fully on alexa but for certain level its good to gauge.
Alexa is good for comparitive studies. I hope some Indian co. comes up like comScore, Compete or QuantCast.
Rediff iShare might still work cos of the amount of traffic Rediff gets. Web 2.0 is still not too popular in India….a first time user will love something like iShare.
@Fritz - I just wanted to correct you there. Blogshowcase hasn't even been launched so by calling it a ridiculous product you are being biased. Also i would request you to read the review of ishare at webyantra.net or at pluggd.in to know what some intelligent guys who have been following the web since quite long think about it. :))