Did Yahoo acquired Indian startup... "Bookpad"??

I saw lot of news coming which says Yahoo acquired Banglore based Indian startup called as 'Bookpad'. But Yahoo press release does not confirm this yet(22nd Sep 11.30 am :) ).

Waiting for official news.. Of course Indian startups are being recognized in world but other part of story could be Indians are not holding it for long to be more successful.

Anyway,
Some highlights about 'Bookpad'

• It is a one year old startup
• Started by yet another IIT engineers
• Based in Banglore
• Company name is Bookpad, product  name is DocsPad
• Bookpad is working with digital contents
• Bookpad had build a end to end document handling technology for the cloud
• They have offices in India as well as USA

Patni aquired by iGate

What a News at the start of 2010!!!!!!!!!

iGate and Patni works in Insurance, Healthcare, Life Sciences, Banking & Financial Services, Retail, Manufacturing, Logistics & Transportation, Telecom, Energy & Utilities, Product Engineering, Media & Entertainment, ISVs, Mortgage etc domains. Both the companies are working in similar domains and verticals, this is the reason that this acquisition is very important in the world of IT.

The transaction value is $1.22 billion, including mandatory open offer to the public stakeholders of company. The acquisition process will complete by mid 2011 & iGate is expecting profits by 2012.

The combine revenue of after acquisition would be near to USD 1 billion

Source: http://www.igate.com/newsroom/press_releases.php