AOL Joins Social Graph Race, Buys Bebo for $850 Million
This morning AOL announced that they are acquiring Bebo for a whopping $850 million. This is a surprising move as well as a surprising valuation considering their relative size. Currently, Bebo’s dominance exists in Europe but not elsewhere. In a conference call this morning, AOL stated that they will now have a social graph of over 80 million users through combining Bebo and AIM.
Honestly, I am quite surprised that it has taken AOL this long to build a dominant role in the social networking space.
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