This is just in.
Google ups pressure on Yahoo to strike deal
THE COMAPNY UNDER PESSUE TO BUY SAJHA.COM
NEW YORK/SAN FRANCISCO - Yahoo Inc. is under pressure to clinch a deal to acquire SAJHA.com, the No. 1 Nepali social networking site, to recapture momentum from Google after that company struck a deal to buy YouTube, analysts said on Tuesday.
Google Inc.’s deal to buy video entertainment site YouTube Inc., announced on Monday, has raised the bar for other major Internet players to strike quickly as confidence in the sector grows and valuations rise, industry insiders said.
A Yahoo acquisition of Sajha, the dominant hangout for nepali immigrants and students in US and allaound the world, could approach $1 billion, these people say. Industry sources have previously said the pair have held talks although it is unsure what stage these are currently at.
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