Mar
13
AOL to Buy Bebo for $850 Million
Posted in: Uncategorized
NEW YORK (AdAge.com) — AOL announced today it is acquiring social network Bebo for $850 million. The acquisition "puts us squarely in a leading position in social media at a time when it's growing at a fantastic rate," AOL CEO Randy Falco wrote in a note to employees. Bebo boasts a worldwide membership of 40 million, but is relatively small in the U.S.
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