Yahoo picked 30 percent stake in Info Network Management Company Pvt Ltd (INMAC), promoters of CallEzee services which enable users to gain access to directory services through use of telephone.
Yahoo has routed the deal through its Dutch subsidiary and will have representation on INMAC’s board post acquisition.
Call Ezee currently offers services in 14 cities across the country including Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Kolkata.
Financial details of the deal remain undisclosed.
Source: Telecom Tiger