Thursday, March 13, 2008

AOL to buy Bebo social network for $850 million - Yahoo! News

Perhaps another data point suggesting consumer-oriented social networking has jumped the shark...

Time Warner Inc's AOL Internet division said on Thursday it will buy social network Bebo for $850 million in cash, bolstering its consumer Internet offerings even as the media conglomerate mulls splitting off the business.

Bebo, which claims a global membership of about 40 million users, is the top social network in Britain, Ireland and New Zealand, it said. It is No. 3 in the United States behind News Corp's MySpace and Facebook.

AOL to buy Bebo social network for $850 million - Yahoo! News

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