AOL to buy Bebo for $850m

Internet group AOL agreed a deal to buy social networking website Bebo for $850m (€545m) today.

Thu, 13 Mar, 2008 - 13:22

Internet group AOL agreed a deal to buy social networking website Bebo for $850m (€545m) today.

The takeover is the latest in a string of multimillion-dollar deals as firms look to tap into the boom in popularity of social networking sites.

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