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Yahoo Joins Google in building ‘OpenSocial Foundation’

bebo | Facebook | google | MySpace | OpenSocial | yahoo

From Todays News
Yahoo has joined with Google, MySpace, Friendster, Linkedin, imeem and Bebo in building OpenSocial Foundation, which is a non-profit foundation

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AOL acquires Bebo for $850 million

$850 million deal | aol | bebo | michael birch | Social Networking

From Todays News
AOL acquired Bebo, a social media network for $850 million cash. Bebo, the ninth popular social networking site in the world and ranked third in U.S, founded by Michael Birch of U.K in California. There were rumors that AOL was trying to buy Bebo, and was said that they were quoting one Billion dollar price. The deal was clinched as Bebo is growing leaps and bounds and U.S subscribers have increased considerably last year.

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