Bebo Acquired by AOL!
Here is something I wasn’t expecting, although AOL has been making some strong moves towards transforming their brand from a dial up provider to an internet giant, they acquired yedda a while ago but the move to acquire Bebo for $850 Million is definitely a large step towards rejuvenating the brand.
$850 Million isnt very far awy from the $1 billion estimation Bedo received some time ago, Bebo claims to have 40 million users and curently are the 2md largest social network in the UK after Facebook. The $850 million price values each member at $21.25.
Bebo has 22 million unique visitors and 11 billion page views per month according to recent Comscore data.
You can find the official AOL announcement of the acquisition here.
[tags]bebo, AOL, comscore[/tags]
