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May 18, 2008 7:25 PM
It’s official—AOL (NYSE: TWX) now owns Bebo, closing the $850 million acquisition roughly two months after making it public. The social media network will not stand on its own; instead, AOL is combining Bebo, AIM, ICQ and its other community platforms into a new business unit known as the People…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Companies, AOL, Time Warner, Countries, Asia, India, Europe, bebo, joanna shields, people networks, ron grant
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