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Wow AOL Acquires Bebo For $850 Million

Discussion in 'Social Networking Sites' started by r-webb-k, Mar 15, 2008.

  1. r-webb-k

    r-webb-k BANNED BANNED

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    After all the speculations about the partnership with Yahoo, AOL seems to have had its sights set elsewhere. They?ve announced that they will acquire social network Bebo for 850 million dollars. Bebo is very popular in the UK, as well as Ireland and New Zealand where it is the number one social network, is in the 85th place of the Alexa top 100 list and has approximately 80 million unique users.

    Randy Falco, Chairman and CEO at AOL explains the move:

    ?What drew us to Bebo was its substantial and fast-growing worldwide user-base, its vision of a truly social web, and the monetization opportunities that leverage Platform-A across our combined global audience. This positions us to offer advertisers even greater reach and marketers significant insights into the desires and needs of consumers.?

    Bebo President, Joanna Shields, calls the acquisition a ?natural progression for Bebo? and adds that they ?look forward to working together to continue to expand the online social experience globally.?

    As big as this news is by itself, the question that arises is: what does this mean for the Microsoft-Yahoo-Google-AOL love rectangle? Since the speculated AOL-Yahoo deal was supposed to be a merger, and since Yahoo doesn?t have a product that?s directly competing with Bebo (if you don?t count Flickr, which is not a general-purpose social network, or as theregoesdave suggests in the comments, Yahoo Mash and Yahoo 360, which haven?t really been very successful, and are both relatively poorly executed hybrids) the fact that AOL just bought Bebo doesn?t really mean that there?s no way for this deal to happen. However, it definitely complicates things and I would say that the AOL-Yahoo deal now seems less likely than before.

    Yahoo has recently extended the deadline for Microsoft and others to nominate new Yahoo directors, but the date is not exactly set in stone; Microsoft has been relatively silent ever since. We?ll just have to wait and see, but Microsoft?s chances to become the new owner of Yahoo have just slightly increased.

    Damn Social Networking Sites is where the Big Big Money is at im in the process of planning Building and Hopefully launch my own social networking site by next year and i guarantee all of you that my site is going to beat all the big boy sites out there with my evil plans to take social networking to a whole new level.
     
  2. Xplore

    Xplore Newbie

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    I myself with some of my friends also starting a new site which should include social networking function at our final version. still deciding should we use OpenSocial? Will you use OpenSocial?
     
  3. blackrain010

    blackrain010 Junior Member

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    I would use opensocial because you can make app to interact with other sites.
     
  4. r-webb-k

    r-webb-k BANNED BANNED

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    no i would not use opensource scripts because i want my site to be very unique i want it to be build from scratch im going to pay $20,000 to have it built thats how sierious i am about this site and i already have a very catchy name and logo for the site all i have to say right now is myspace bebo facebook and all the other sites out there days are numbered its time for something new so they better watch there backs now i dont have millions to spend like myspace facebook or bebo i all i have is $20,000 and my killer ideas which would hurt all the other sites out there
     
    Last edited: Mar 15, 2008
  5. downliner

    downliner Newbie Premium Member

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    I can't say Im surprised. Most of my mates use facebook as a method of keeping in touch with each other - though never saw the appeal myself. Just like myspace I signed up for an account and then never bothered signing in again :p