AOL To Acquire Global Social Media Network Bebo

[From Hans] Interesting tech news and AOL is buying the social networking site Bebo for $850m (£417m). "“Bebo is the perfect complement to AOL’s personal communications network and puts us in a leading position in social media,” said Randy Falco, Chairman and CEO, AOL. “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. This positions us to offer advertisers even greater reach and marketers significant insights into the desires and needs of consumers.”" The full press release is here and thanks to Hans for the heads up.
[moblogging from Drip Bar from my Centro]