AOL to buy social network Bebo for $850 mil
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amzter
The bird stole my shoe.
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AOL to buy social network Bebo for $850 mil
THE HOLLYWOOD REPORTER Wrote: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.
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.
Bebo said Thursday its users view an average of 78 pages per usage day.
AOL said that Bebo's offers fit in with its existing services, such as AIM.
"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."
The deal is the latest in an AOL spending spree. The company said it has spent nearly $1 billion on online advertising acquisitions, including of such companies as AdTech, buy.at, Lightningcast, Quigo, Tacoda and Third Screen Media.
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.
Bebo was founded by Michael and Xochi Birch. It has 11.4 million unique users in the U.K.
facebook is guna be next
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15/03/2008 09:28 AM |
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S7*
Sweet Dreams
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RE: AOL to buy social network Bebo for $850 mil
Lucky guys - now Bebo is going to get incinerated
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15/03/2008 09:44 AM |
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u_c_taker
hacks=drama
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RE: AOL to buy social network Bebo for $850 mil
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15/03/2008 10:36 AM |
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usif
Im just usif
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RE: AOL to buy social network Bebo for $850 mil
bebo isn't that bad, i have one
but it sucks on the features side of things..
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15/03/2008 12:30 PM |
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amzter
The bird stole my shoe.
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RE: AOL to buy social network Bebo for $850 mil
i think this is AOL new project afte rthey droped that netscape
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15/03/2008 12:40 PM |
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roberth
Resident Full Stop Abuser.....
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RE: AOL to buy social network Bebo for $850 mil
see...it wouldnt matter except theyre doing it to increase marketing revenue...whoch is jsut pathetic, these social networks have enough advertising as it is...
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15/03/2008 03:57 PM |
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