Yahoo Makes Super Strategic Investment In Indian 411 Service

Today Yahoo announced the purchase of 30% of the shares of an Indian telephone information service called Network Management
. The size of the investment wasn’t disclosed, although Yahoo will take a board seat.

I’m sure Yahoo has great reasons for the investment, but this seems like a bit of a side show. Their core U.S. business is deteriorating. Whatever energy they put into this deal seems like it would have been better spent pondering what they will do about it.