Yahoo! eyes $1bn bid for Bebo

Iria · May 22, 2007, 05:24 AM

Source: Times Online
__________
Yahoo! is rumoured to be weighing a $1 billion (£500m) bid for Bebo, the privately owned social networking site, after shuffling its management team to better place itself for acquisitions.

Bebo, which is based in San Francisco but counts the UK as its strongest market, has insisted so far that it is not up for sale and that it intends to concentrate on organic growth ahead of a possible stock market float.

May 22, 2007, 05:24 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Yahoo! eyes $1bn bid for Bebo Source: Times Online __________ Yahoo! is rumoured to be weighing a $1 billion (£500m) bid for Bebo, the privately owned social networking site, after shuffling its management team to better place itself for acquisitions. Bebo, which is based in San Francisco but counts the UK as its strongest market, has insisted so far that it is not up for sale and that it intends to concentrate on organic growth ahead of a possible stock market float.