Yahoo intends to buy Bebo social network for $ 1 billion

Yahoo intends to spend $ 1 billion to buy the popular Western blogging service Bebo. Today, this service is one of the most serious competitors of MySpace, but the geography of its popularity is a bit narrower. The Bebo service was founded by the Birsh spouses in 2005 in the UK.

According to analysts, on a global scale, MySpace today is about 4-5 times larger than Bebo, but in the UK the latter is somewhat more popular than MySpace.

Earlier, Yahoo also showed interest in social networking sites. For example, last year, an Internet company acquired a Facebook project for $ 1 billion.
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However, the resource Bebo already has experience in negotiations for the sale. In 2006, Bebo offered to buy for 600 million dollars first BT, and then Viacom. However, now, given the powerful MySpace pressure, analysts are inclined to believe that Bebo will accept Yahoo’s offer, as the company needs a strategic investor.

Today, Bebo has about 25 million registered users.

Despite this, both Bebo and Yahoo are refusing official comments.

Via CyberSecurity.ru