Although the high-tech world is agog with the possibility of a merger between Yahoo! Inc. (Nasdaq: YHOO) and Microsoft Corporation (Nasdaq: MSFT) in order to jointly wage war against search engine giant Google Inc. (Nasdaq: GOOG), at the Matam High-Tech Park in Haifa, the R&D centers of all three companies will soon sit side by side.
Yahoo! will soon set up its first branch in Israel. The company will rent a 350-square meter office at Matam at NIS 60 per sq.m. per month under a two-year lease. The company has also rented parking spaces at NIS 400 per space per month. Yahoo! will join other international giants at Matam, such as Google, Microsoft, Intel Inc. (Nasdaq: INTC), Royal Philips Electronics (NYSE:PHG, AEX:PHI), and Network Appliance Inc. (Nasdaq: NTAP) (which recently rented 3,300 square meters to expand its R&D center), as well as Israeli companies such as Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) and Zoran Corp. (Nasdaq: ZRAN).
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