Aol spends $850 mil on Bebo


	Aol spends $850 mil on Bebo

Learning Ninja

3-15-2008 9:29 AM

94 views

tags:

bebo, aol, social network, buy

Learning Ninja says:

I jumped the band wagon and wanted to see if this was better than myspace and more lively then facebook. It is people, It is!

I can see bebo as being a social networking service to come up fast and do a sneak attack on facebook and myspace.

Does anyone else uses Bebo?

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NEW YORK -- Time Warner's AOL has agreed to acquire global social
network Bebo, which has a total membership of more than 40 million
worldwide, for $850 million in cash.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.hollywoodreporter.com/hr/content_display/news/e3i276690244f41c818b0dfaf2ba88c7b16?imw=Y"><DIV>
The company is one of the leading online social networking
providers in the U.K. and is the top-ranked network in Ireland and
New Zealand. It says it is No. 3 in the U.S. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.hollywoodreporter.com/hr/content_display/news/e3i276690244f41c818b0dfaf2ba88c7b16?imw=Y"><DIV>
AOL said that Bebo's offers fit in with its existing services, such
as AIM. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.hollywoodreporter.com/hr/content_display/news/e3i276690244f41c818b0dfaf2ba88c7b16?imw=Y">
"Bebo is the perfect complement to AOL's personal communications
network and puts us in a leading position in social media,"
chairman and CEO Randy Falco said. "This positions us to offer
advertisers even greater reach and marketers significant insights
into the desires and needs of consumers."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.hollywoodreporter.com/hr/content_display/news/e3i276690244f41c818b0dfaf2ba88c7b16?imw=Y">
Bebo also bolsters AOL's international growth. It has launched 17
international Web sites over the last year and plans to expand to
30 countries outside the U.S. by the end of 2008.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CA3FE38E-8737-4959-AC36-0ADF0ED5C83B/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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