Bebo Bought

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Bebo Bought

Boy was I glad I blogged about Bebo being purchased a few months back. The rumored acquirer was supposed to be Google or MySpace but it seems like AOL is getting serious about being a web player once again and came up with a not too shabby $850 to seal the deal.

The rumors said the price tag on this deal was to be as high as $1.5 billion and one wonders if the closing price includes some haircut attributable to the broader economy.

What this shows me is that media sites need more and more eyeballs to show their ads on. In addition it doesn't hurt to have hot properties that the younger crowd thinks is hot.

The wave or Internet roll ups continues onward with a special focus these past years on social networking. Where it ends, nobody knows.

[AP]

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