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AOL Goes Social, Buys Bebo

$850M acquisition for a company struggling to change roles

By Nick McMaster,  Newser Staff

Posted Mar 13, 2008 1:46 PM CDT

(Newser) – AOL will buy Bebo.com for $850 million in an attempt to enter the social networking market, the Wall Street Journal reports. Bebo has 22 million unique visitors a month, well behind MySpace's 109 million, but the site’s strong European presence will give AOL...   Read full story »

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social networking • Time Warner • AOL • online advertising • Bebo • Internet service providers • Internet advertising

 
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