AOL to Pay $850M for Social Network Bebo

AOL stepped up its bid to boost traffic and advertising opportunities worldwide as the struggling Internet company agreed Thursday to pay $850 million for the online hangout Bebo and a foothold in the growing arena of social media.

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POLICE are spending thousands of pounds to hire leggy models to take photos of Christmas revellers - in a bid to stop drink driving. Despite a budget deficit of £16million, Strathclyde Police are shelling out £3000 for models from Pix Angels to help crack down on crime.

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THE Facebook juggernaut has claimed the scalp of AOL Time Warner's $US850 million ($921 million) acquisition of Bebo, with the social media site tipped to close its Australian operation before Christmas as part of a global retreat and rethink.

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A youth who had unlawful sex with an 11-year-old girl walked free yesterday after a court was shown graphic content from the girl's Bebo site.

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Hey, Facebook fanatics--listen up! A worm that hit the popular social Web site last December has resurfaced, and is now hijacking user accounts -- not only for that social networking...

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Social networks are altering the minds of a generation of young people, according to neuroscientist Baroness Greenfield.

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Social networking websites are causing alarming changes in the brains of young users, an eminent scientist has warned. Sites such as Facebook, Twitter and Bebo are said to shorten attention spans, encourage instant gratification and make young people more self-centred.

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MySpace, the social networking web site, has identified and removed 90,000 registered sex offenders in the past two years, the company said last night.

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Facebook, MySpace and Bebo users are being warned about the resurgence of a virus-like worm that will try to infect their PCs when they follow a comment posted on their profile.

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Nearly a quarter of children between the ages of eight and 12 are evading the age restrictions imposed by social networking sites Facebook, Bebo and MySpace, a poll of young people revealed last night.

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Social networks are not doing enough to protect children, according to a new survey out day. The survey estimates that around 750,000 children may be illicitly using social networks despite these being supposedly limited to teenagers and adults.

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I really should call

Regret.com, I wish I could hit that @!$%# up. I'll pop round, yeah. Looks kinda misty out. I think I'll call her. Maybe I'll just myspace it all instead. Bebo. Facebook. Yeah, do that.

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Would-be revellers are using satellite images on the internet to find houses with swimming pools - and then turning up uninvited for an impromptu dip. The craze involves using the Google Earth programme, which provides high-quality aerial photos of Britain and other countries.

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Caveats for all three comparisons: The MySpace deal, of course, was a flat-out steal for News Corp. in hindsight: Even though the social site's growth may be flagging, a conservative valuation would put the site somewhere in the $5 billion range.

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The origin of Bebo, the social networking portal is worth reading about. I have often wondered how one should go about setting up a portal, maybe this article will answer a few of the questions we all ask.

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A teenager who advertised her 16th birthday party on the internet saw her £4.5 million family home in Spain destroyed after more than 400 people turned up and caused thousands of pounds worth of damage.

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The death toll in a small town hit by a series of suicides increased to 19 when yet another teenager was found hanged. Sainsbury's shopworker Sean Rees was discovered by his family in a lane in Bridgend after going missing during a night out with friends.

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Microsoft has announced partnerships with top social networks minus MySpace - Facebook, Bebo, Hi5, Tagged and LinkedIn - which will ensure interchangeability of users' contact information in these networks with Windows Live.

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LAST week at South by Southwest, the rock music conference held every year in Austin, Tex., the talk in hotel lobbies, coffeeshops and the convention center was dominated by one issue: how do musicians make a living in the age of the Internet? It's a problem our industry has st …

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Could the party be over for the big social networks such as Facebook, MySpace and Bebo? Last month it emerged Facebook had suffered a 5% drop in members since December, according to Nielsen Online, the web analyst.

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My suspicion is the 1.6% acquired for 240M (valuing Facebook at over $200 per member) had very little to do with the 1.6%. Any ideas?

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Bebo, the social networking website has been sold to AOL for an estimated $850 million (£425 million). Bebo was launched in 2005 and has over 40 million users worldwide.

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AOL has acquired social networking site Bebo for $850 million.

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AOL, the struggling internet portal owned by media giant Time Warner, said this morning that it had bought Bebo, the social networking site, for $850 million in cash.

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After all the speculations about the partnership with Yahoo, AOL seems to have had its sights set elsewhere. They've announced that they will acquire social network Bebo for 850 million dollars.

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AOL issued a press release on Thursday morning to announce that the company has acquired social-networking site Bebo. The price tag, according to the AOL statement, is $850 million in cash. Neither company has yet stated when the deal is expected to be closed.

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