AOL buys Bebo for $850 million from Yahoo!

Posted by: Marketing Guy Date posted: March 13th, 2008 Published in: Social Media Marketing, Yahoo

The BBC are reporting today that Time Warner’s AOL have bought Bebo from Yahoo! for $850 million.  Not a bad price tag for a site with 40 million members, but surely Yahoo! could have made better use of the traffic?  I would have thought that Bebo would have tied in quite nicely with MyBlogLog.

Perhaps they needed to free up some funds? ;)

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