Bebo: Up To $1 billion Acquisition "Definitely Happening" Says Source
What’s clear is that Bebo, which is the second largest social network in the UK behind Facebook, either signed a deal, or is sending out false messages that they’ve been or are about to be acquired (which is unlikely given Allen & Co.’s involvement). If misinformation is the goal, we’ve bought it hook, line and sinker.
The buyer is unclear, although we are still betting on Google given that Bebo fits well with Orkut (very, very small user overlap). Microsoft has been mentioned as another possible candidate, although they seem to have their hands full right now with Yahoo. Other potential buyers, including News Corp. (mentioned in our previous post), Yahoo and others, have backed out due to price, from what we’ve heard. There are other potential buyers as well (AOL, CBS, Viacom, Comcast, others).
This is far from confirmed at this point, particularly the price, but this is about as strong a rumor as they come.