AOL goes Bebo over Social media

Neil Yeomans | 3:04 pm | March 13, 2008 | News, Social Media

AOL is looking to purchase popular social network site Bebo for around $850m (£420m). Bebo has a social community in the region of 40 million members and is especially popular in the UK and Ireland but with a much younger age bracket compare to Facebook and Myspace it is however the third largest social network in the USA.

It is reported that current Bebo president Joanna Shields will retain her position and continue to run Bebo and will report direct to senior management at AOL which is owned by Time Warner group.

Resource Links

www.aol.co.uk
www.bebo.com
www.timewarner.com
www.newscorp.com
www.myspace.com