Yahoo to buy Bebo for $1 billion?

Posted on Wednesday, May 23 2007 @ 03:46 CEST by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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