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AOL pays $850m in cash for Bebo as cornerstone of international strategy
Summary from multiple countries, from articles in English
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Bebo also skews younger with an emphasis on original content, including the popular Web-only series " Kate Modern. (article 2)
Before Bebo, AOL had spent about $1 billion on acquisitions to build its online ad network, called Platform A, in hopes of selling ads on thousands of sites beyond its own AOL properties. (article 2)
AOL on Thursday claimed it could "supercharge" the revenues from advertising on social networks after the Time Warner -owned portal agreed an $850m offer for Bebo, the closest rival to Facebook and MySpace. (article 3)
The two entrepreneurs have built Bebo into one of the most popular social networking sites in the US, with strong followings in the UK, Ireland and New Zealand. (article 3)
NEW YORK - AOL, the Internet arm of Time Warner Inc., said Thursday it will pay US$850 million in cash to acquire social media network Bebo, which has total global membership of more than 40 million. (article 7)
Thursday's $850m acquisition of Bebo marked the latest investment he has had to make to redefine AOL's business model. (article 5)
Thursday's $850m purchase of Bebo by AOL provided a rare data point for industry-watchers who are trying to determine how much fast-growing social networks are worth. (article 8)
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Other summaries about this story:
Other stories about AOL, Bebo and Yahoo:
Event tracking:
Story keywords
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AOL, Bebo, Yahoo, Microsoft, Google |
Source articles
- AOL acquires Bebo social network (BBC News, 03/13/2008, 291 words)
- AOL BUYS BEBO SOCIAL NETWORK SITE FOR $850M (NY Post, 03/14/2008, 319 words)
- AOL to ‘supercharge’ Bebo revenues (ft.com, 03/13/2008, 402 words)
- AOL pays $850m in cash for Bebo as cornerstone of international strategy (business.timesonline.co.uk, 03/14/2008, 545 words)
- Networking site to power online growth (ft.com, 03/13/2008, 737 words)
- AOL to buy social network Bebo for $850M (dallasnews.com, 03/14/2008, 808 words)
- Time Warner's AOL to buy global social media network Bebo for $850 M in cash (cbc.ca, 03/13/2008, 339 words)
- Breaking down Bebo’s purchase price (ft.com, 03/13/2008, 216 words)
- Couple discover secret of social success (ft.com, 03/13/2008, 334 words)
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blaster@cs.columbia.edu
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