28 April 2008
AOL to acquire Bebo
NEW YORK, NY, 13 March 2008 - AOL announced today that it signed an agreement to acquire Bebo (http://www.bebo.com), a leading global social media network. Together with its AIM and ICQ network of personal communications, the acquisition is an AOL-premier position in the rapidly growing world of social media with a network of around 80 million users.
With a total membership of more than 40 million worldwide, Bebo is a global social media network connects the town, self-expression and entertainment to enable its users to consume, create, discover and share. Bebo is one of the leading social networks in Britain, and is the number one in Ireland and New Zealand, and the number three in the U.S. users are heavily involved and see an average of 78 pages per usage day. Bebo has around 100 employees in offices in the UK, San Francisco and Austin, TX.
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