So AOL purchases Bebo for 850 Million – cash. For those of you that don’t know Bebo is the number 4 social networking site in the world. Bebo is huge in Europe and has a big base of users in California. Not to long ago Microsoft purchased a tiny stake in Facebook with a 240 Million dollar investment.
For sake of comparison AOL purchased Bebo for $21 dollars per member. Microsoft’s investment in Facebook valued members at $204 dollars each. Newscorp paid about $26 per member when it acquired MySpace.
Why all the fuss about social networks? Because, simply put, Social Networking is going to an integral part of the “next big thing”. More to come from VendAsta in the very near future.