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Yahoo to buy Bebo for $1 billion?

Posted on Wednesday, May 23 2007 @ 03:46:02 CEST by

Some sources claim Yahoo is negotiating with Bebo to acquire the social networking site for $1 billion:
A bid for Bebo would represent the second time Yahoo has gone after a social networking site. Last year, however, its $1 billion bid for Facebook was rejected.

According to the Telegraph, Bebo co-founder Birch would prefer to float Bebo rather than to sell it. But analysts believe the time to sell is now, as a flurry of Internet deals has pushed up the shares of small but fast-growing Internet players.
Source: MarketWatch.



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