Yahoo! angling to buy Bebo

May 21, 2007 | Uncategorized

Yahoo! Is said to be working on a $1bn (£500m) takeover deal to buy social networking site Bebo, writes The Sunday Telegraph. Bebo, founded in 2005 by Michael Birch and his wife Xochi, is said to have turned down an offer from BT last year worth £300m. Viacom is also believed to have made an […]

Yahoo! Is said to be working on a $1bn (£500m) takeover deal to buy social networking site Bebo, writes The Sunday Telegraph. Bebo, founded in 2005 by Michael Birch and his wife Xochi, is said to have turned down an offer from BT last year worth £300m. Viacom is also believed to have made an offer last year. Bebo is now more popular than MySpace in the UK, though globally it is about quarter of the size with 25m registered users compared to MySpace’s 100m.
Yahoo! made a similar $1bn bid for Facebook last year which was rejected by Mark Zuckerberg, the site’s founder.
From The Sunday Times: http://www.timesonline.co.uk, 21/05/2007
Bebo: http://www.bebo.com

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