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 (http://www.betanews.com/article/AOL_...k/1211211160)*

More...