AOL acquires Bebo for $850 million
Cory Bergman March 13th, 2008
The third-most visited social networking site, Bebo, which has a large UK audience, has been acquired by AOL for $850 million. (For reference, News Corp. bought MySpace back in 2005 for $580 million.) AOL CEO Randy Falco calls the acquisition a “game-changing move,” especially when you consider the applications when Bebo merges with AOL instant messager.
For plenty of analysis, PaidContent has blanket coverage of the story.
2 Comments Add your own
1. Andrei Potorac | March 14th, 2008 at 4:17 pm
Good move AOL! Bebo has the cleanest design of all social websites out there, the nicest logo too!
2. Anonymous | March 15th, 2008 at 1:54 pm
Is that why Yahoo! ripped it off for “Buzz”?
If anything farther under the radar to me than Lycos goes for nearly a billion dollars I should seriously charge more at my yard sale!
Leave a Comment
(Please keep URLs out of the comment body or the spam filter will block you.)Subscribe to the comments via RSS Feed