Is Bebo on the Auction Block?

Techcrunch is spreading rumors and just as Alley Insider says, it’s always fun to play games. According to Erick Schonfeld, Bebo may be sold to Google for between $1 and $1.5 billion. If there was a social networking fund to invest in, shares of it would be up a ton over the past few years following the MySpace acquisition by News Corp. and Facebook’s $15 billion valuation.