03-18-2008, 02:01 PM
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Confirmed User
Join Date: Dec 2005
Posts: 1,261
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AOL buys social network Bebo for $850 million
Quote:
Rumors had floated over the past few months that Bebo, which has over 40 million members, was up for sale. Reports suggested a $1 billion price tag, but there were few hints as to potential buyers. Though Bebo had already partnered with AOL's AIM messaging client to facilitate friend-invite interoperability between the two services, even the most creative blogger speculation didn't seem to point to AOL eventually buying the social network.
Ironically, AOL itself has been talked about as an acquisition target. Jeffrey Bewkes, CEO of Time Warner, which operates AOL, has spoken recently about plans to spin off or sell divisions of the company.
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http://www.news.com/8301-13577_3-9893014-36.html
I think too much AOL pay for bebo. |
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