[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 18 February, 2005, 13:24 GMT
Yahoo 'in talks' over Indian deal
Yahoo search engine
Yahoo is hoping to profit from growing internet usage in India
Yahoo is in talks about buying a stake in Indiatimes, the internet business of India's largest media company, the Financial Times (FT) has reported.

The FT said the US search engine was discussing a tie-up with Bennett Coleman, the publisher of The Times of India newspaper and other titles.

The publisher is looking for a partner to develop its online services, a move which may lead to a US flotation.

Yahoo is keen to expand in India where internet usage is growing fast.

Potential funders?

Bennett Coleman separated its internet operation from the rest of the business in 2000, listing it separately on the Indian stock market.

Indiatimes is one of the country's most popular internet portals, attracting more than a billion monthly page views.

The FT reported an executive with Bennett Coleman as saying that the company hoped to conclude discussions within the next month.

However, he said the company was also talking to other sources of potential funding, including private equity groups.

"An internet initiative requires plenty of investment and since we hope to take our portal to the Nasdaq, we will require support," he said.

Both Bennett Coleman and Yahoo declined to comment on the report.

Yahoo has a research & development operation in Bangalore and an embryonic partnership with Indian online business, rediff.com.

The Times of India is Bennett Coleman's best known title.

Originally launched in 1838, the English language daily has a circulation of more than 21 million.




SEE ALSO:
Yahoo lifted by advertising boom
19 Jan 05 |  Business
Yahoo moves into desktop search
11 Jan 05 |  Technology
Yahoo nets sharp surge in profits
12 Oct 04 |  Business
Yahoo snaps up net music service
14 Sep 04 |  Technology


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific