Friday, July 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Posts Strong Revenue on Video Market
Games Outweigh Sagging Sensors For Sony
Microsoft To Further Cut Jobs Towards The Final Exit From Phone Business
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
Worldwide Smartphone Volumes Relatively Flat in Q2 2016
Oracle to Buy NetSuite for $9.3 Billion
Samsung and Nestle Collaborate on the Internet of Things and Nutrition
Home Appliance and Home Entertainment Units Help LG's Quarterly Profits
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > AOL to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 13, 2008
AOL to Pay $850M for Social Network Bebo


AOL said Thursday it will pay $850 million to acquire the online hangout Bebo.

Bebo is strong in many markets around the world, particularly Britain, and has a global membership of more than 40 million, according to AOL. In the United States, however, it ranks third behind MySpace and Facebook.

Ron Grant, AOL's president and chief operating officer, said the deal should help AOL expand internationally and Bebo grow in the United States. He said the all-cash deal, expected to close in a month, also should give AOL an engaged audience from which it can generate additional advertising revenue.

AOL has been looking for ways to boost its advertising revenue to offset steep declines in dial-up Internet subscriptions. After several quarters of strong growth, AOL's advertising expansion has been slowing, putting pressure on the company's parent, Time Warner Inc., to sell the Internet unit.

In a conference call with reporters, AOL Chief Executive Randy Falco said Time Warner's willingness to spend $850 million was indicative of its commitment to AOL's future.

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

Facebook, the No. 2 social network behind MySpace, now has a $15 billion market value, based on Microsoft's purchase late last year of a 1.6 percent stake for $240 million.

Both MySpace and Facebook, however, have struggled to capitalize on their large audiences. Facebook drew strong criticism from its users when it unveiled amid much fanfare its "Beacon" program that tracked and shared information about their purchases and other actions made on other Web sites.


Previous
Next
First Quad-core Notebooks to Appear Later This Year        All News        iPhone Apps Will Not Offer Multitasking
Microsoft and Yahoo Discussed Merger: Report     General Computing News      YouTube Opened to Developers

Get RSS feed Easy Print E-Mail this Message

Related News
AOL To take Over Microsoft's Display Ads
Verizon to Acquire AOL
AOL Reports Cyber Attack
AOL Video Content to Be Available on Microsoft Devices
AOL Unveils The ONE Ad Platform
AOL, Microsoft, Yahoo To Streamline Access To Ad inventory For Advertisers
AOL Releases Alto Cloud-based Email App For Gmail, Yahoo Mail, AOL Mail And .Mac
AOL's Video Library Comes To YouTube
Microsoft To Spend $1.056 Billion On Buying AOL Patents
Yahoo, Microsoft and AOL Announce Advertising Alliance
AOL to Acquire The Huffington Post For $315 Million
AOL Targets Yahoo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .