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Thursday, March 13, 2008

AOL buys Bebo

AOL Buys Bebo To Regain Social Status

AOL on Thursday announced that it would acquire social media site Bebo for $850 million in cash.

The move is intended to better position AOL in the social media space, the company said. Bebo has approximately 40 million users, with a heavy presence in the UK, Ireland and New Zealand. In August 2007, Bebo ranked third in the United States behind MySpace and Facebook, according to Datamonitor statistics.




AOL TO ACQUIRE GLOBAL SOCIAL MEDIA NETWORK BEBO

"What drew us to Bebo was its substantial and fast-growing worldwide user-base, its vision of a truly social web, and the monetization opportunities that leverage Platform-A across our combined global audience."

http://www.bebo.com/Press.jsp?PressPageId=6049510518


Note: we tried to reach a spokesperson for the 436 but they could not be reached for comment. Go figure! ~mm

Posted by Anonymous at 8:23 AM

Labels:

7 comments:

  1. modelmotionMarch 13, 2008 at 10:40 AM

    Talk about the kiss of death.

    I actually like AOL but I have to admit they have screwd up just about everything they have touched on the web.

    AOL is still great for email, IM and chat but for the larger web it has totally phailed.

    Be afraid Bebo. Be very very afraid.

    ReplyDelete
  2. AnonymousMarch 13, 2008 at 10:49 AM

    newsflash: bebo to be inundated with phrases like "you've got mail."

    and "660 hours free this month"

    ReplyDelete
  3. AnonymousMarch 13, 2008 at 11:13 AM

    OOOOKKKKAAAAAYYYY!We Are all Doomed!!,Doomed I tell Ya!

    Interesting fact No1.
    In Britain AOL Is known as "A**holes-Online"

    ;)
    Mku77,

    ReplyDelete
  4. hopefulsemblanceMarch 13, 2008 at 11:44 AM

    This is interesting.

    I would like to hear Miles thoughts on this acquisition.

    ReplyDelete
  5. QtheCMarch 13, 2008 at 11:50 AM

    I don't really understand how AOL persists, I guess it's marketing. As far as I can tell, all they ever offered was a chance to pay a monthly fee for slow dial up connections and services you have been able to get on the internet for free (email, etc.) since shortly after AOL arrived.

    I only ever used AOL once while on vacation, using a free 30 day offer they had mailed me on CD to dial in an check one of the non-AOL free email services.

    ReplyDelete
  6. AnonymousMarch 13, 2008 at 4:22 PM

    On behalf of 436 I have only one thing to say to AOL. Bring it on!

    ReplyDelete
  7. modelmotionMarch 13, 2008 at 6:51 PM

    AOL is now free if you BYOB connection and do not need technical support. Their strategy for the last two years has been to develop aol.com as a portal like Yahoo and make money off "eyeballs" (aka advertising).

    ReplyDelete

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