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TheDomains.com

AOL Buy’s Social Networking Site for 850 Million

March 13, 2008 by Michael Berkens

AOL Annouced today that it will pay $850 million in cash to acquire social media network Bebo, which has total global membership of more than 40 million.

Bebo is one of the largest social networks in Britain, and is ranked number one in Ireland and New Zealand and number three in the U.S, according to AOL.

News Corp. , which also owns the Fox television and movie studios, in addition to newspaper and Internet holdings, bought MySpace for $580 million in 2005, but has estimated the network is now worth more than $15 billion.

Facebook Inc., which owns the Internet’s second-largest social network behind MySpace, now arguably has a $15 billion market value, based on Microsoft’s purchase late last year of a 1.6 percent stake for $240 million.

There is still rumored talks between Yahoo and AOL.

Filed Under: Publicly Traded Domain Co

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

« Disney: Not buying AOL
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Comments

  1. Tim Davids says

    March 13, 2008 at 7:42 am

    now BeBe can buy AOL to get it’s typo…BeBE prolly makes more money than AOL too 🙂


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