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Yahoo may Buy UK Social Network Bebo for $1B

Categories: Mobile Web, Orange,
By: , IntoMobile
Sunday, May 20th, 2007 at 1:28 PM

Bebo social network possibly getting baught by yahoo for 1 billion dollars, mobile version on Uk orangeWord on the street has it that the UK Social Network, Bebo, is being courted by Yahoo for a possible buyout – to the tune of $1 Billion.

Bebo has 25million users worldwide and recently made waves as Orange UK picked up the mobile version of the social network for integration into its handsets. Bebo Mobile could get an edge in the market with $1billion in backing from Yahoo. We’ll dish out the gossip as we get it!

via: seekingalpha

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About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...

  • William

    It’s like Buuble 2.0 is blowing up. Be aware!

  • Chainsaw

    It appears there was some initial excitement to Yahoo on Friday, adding $1.17, or 4.1%, to $29.75 on the Nasdaq (YHOO). Today (Monday) though, there has been no press releases and it appears the excitement is over, dropping nearly a quarter to $29.51. Any updates?

    @ William: The may very well be a Bubble 2.0, but as long as you buy/sell based on valuation as opposed to speculation, you should be fine.

  • Sid

    I wonder how Facebook feels about that door closing