Google, Yahoo eyeing Rediff

So I wasn't far off in my last post. Looks like people who snapped up Rediff since last Wednesday weren't so naive. They had some knowledge of something going on. Hindustan Times is reporting that Google, Yahoo may be in talks of a aquisiion of Rediff. It would be very interesting to watch Rediff tomorrow. Over the weekend Barrons has reported that the shares of Rediff are overvalued.

Full Disclosure: I own a small stake in Rediff.