03.13.08
AOL acquires Bebo Social Network
This was of course the big news making the rounds today. AOL is apparently to pay $850 million to purchase the social network.
With MS investing a pretty penny (1.6 percent stake for $240 million) for Facebook, it was invevitable that another SE should invest in what is a very upcoming Social network - Bebo.
And by SE I mean, Google does of course own a percentage of AOL (back in 2005 it bought 5%) …so besides Orkut.com, now Bebo.com, which is making a bit of noise as the fast contender to FB.
We have already seen quite a bit of interest in the world of Application development enquiries for specifically Bebo…
Bebo itself is not that small with a global membership of more than 40 million users already, but according to statistics it does still fall behind on daily, and even monthly visits compared to FaceBook and MySpace.
Read more in the article which details a little further on the AOL Bebo investment.