AOL wraps up $850 M buy of Bebo social network

**MIG-31** · May 19, 2008, 07:37 PM

AOL today closed its $850 million buyout of European-based social networking site Bebo, leaving Yahoo as the only player among the "big four" search engines not to own a social network.

"When you combine Bebo's worldwide users with those who use AIM and ICQ, we reach around 80 million," said AOL CEO Randy Falco, during a conference call held when AOL initially announced the deal in March.
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Source: Betanews

May 19, 2008, 07:37 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,821 Rep Power: 471 System Specs	AOL wraps up $850 M buy of Bebo social network AOL today closed its $850 million buyout of European-based social networking site Bebo, leaving Yahoo as the only player among the "big four" search engines not to own a social network. "When you combine Bebo's worldwide users with those who use AIM and ICQ, we reach around 80 million," said AOL CEO Randy Falco, during a conference call held when AOL initially announced the deal in March. ____________ Source: Betanews __________________ Please Post Your News Submissions Here