Tag: Bebo
I wouldn’t be surprised it this deal goes through: Yahoo’s chief dealmaker until recently, Toby Coppel, was appointed the head of Yahoo Europe last month, and Bebo is the strongest in UK, even though it is based in San Francisco. Telegraph reports, though in a very speculative way ("according to Silicon Valley gossip"), that Yahoo is in talks to acquire Bebo and the price may go up to $1 billion. Bebo has seen its fair share of rumors (and suitors) in the last year BT and Viacom among them.
Posted by
Kevom 1 year 11 months ago
San Francisco’s Atom Entertainment is about to be purchased by telcom giant Viacom.
The price is rumored to be $200 million; Viacom was rumored yesterday to be interested in purchasing social networking site Bebo, possibly for a staggering sum. Bebo plus Atom under the Viacom umbrella could pose a formidable challenge to MySpace.
If anything, this could be another small indication that Viacom doesn't want to buy everyone's favorite vid site, YouTube, opting for cheaper, older, less Web 2.0-ish competitors.
The acquisition would represent the latest attempt by Viacom to regain ground lost to Rupert Murdoch’s News Corporation in the social networking and user-generated content realm.
Viacom lost out to its rival in a bidding war last year for MySpace, now the world’s leading social networking site, when News Corp paid $580m (£304m) for the young company. The acquisition caused News Corp’s rivals to look again at the value of sites that allow users to share their own messages, photos, music and videos.
Viacom has approached Bebo but...
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