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-   -   AOL wraps up $850 M buy of Bebo social network (http:\\b1.hcanet.com\forum/showthread.php?t=37133)

NewsBot 19th May 08 08:52 PM

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

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