AOL to Acquire Bebo for $850 Million

Although I am a bit late posting this, it’s still substantial news worthy of submission.  AOL bids on Bebo.com for $850 Million in cash.  Bebo has approximately 100 employee’s in their three locations with 40 million members worldwide.  According to Tech Ex Bebo.com is #3 behind Facebook and Myspace. Not bad for a website that’s only been around for 3 years huh?