AOL Will buy Bebo for $850 M

http://www.businesswire.com/portal/site/home/?epi_menuItemID=8529ea2ad8631dcd3bb97904c6908a0c&epi_menuID=887566059a3aedb6efaaa9e27a808a0c&epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&ndmViewId=news_view&newsLang=en&newsId=20080313005484

Personaly I feel Bebo has been going downhill recently, Well at least it's not M$FT :P

Although I wonder if they'll go back to Google Search and Adverts? :-)

[Moved from "AOL To Buy Social Network Bebo For $850 Million" – Tony]

More at
http://money.cnn.com/news/newsfeeds/articles/djf500/200803130935DOWJONESDJONLINE000681_FORTUNE5.htm

So instead of copying a popular social site (Netscape.com vs. Digg.com) they ended up buying the original social network site.

Buying the 3rd most popular social network site will help get more eyes for their advertisements but is that worth the $850 million price tag? Will this help turn things around at AOL?