AOL acquires Bebo – and increase in social network advertising
AOL in talks to acquire Bebo: AOL has entered into an agreement to acquire Bebo for US$850 million in cash, but the deal could upset Yahoo!7’s Australian ad-sales partnership with the third-ranked social networking site. Bebo grew its worldwide monthly audience 76% to 22 million in the year to January 2008, but still lags far…