Bebo Sells To AOL: $850m

Bebo Sells To AOL: $850mAOL will be buying social Networking site Bebo for $850m cash.

Well done to all of those at Bebo, the social network that (more or less) quietly got on with building its 40 million members while the other social network shouted about what they were up to.

It’s interesting that the deal is all cash, with one interpretation of that being that Bebo and its backers wanted to cashout rather than receive stock that might decrease in value.

Continue reading Bebo Sells To AOL: $850m

Scrum.com Bought By ESPN

Another week, another purchase of a Web-based service by a TV broadcaster.

US, sports-mad ESPN have announced that they are buying UK scrum.com, a site that, not surprisingly is about rugby.

Founded nearly ten years ago, in 1997, they take pride in their ability to break stories faster than “conventional media.”

There’s been a number of moves of late by broadcasters to buy Web sites that focus on, what to broadcasters, are small niches – such as Discovery buying Treehugger.com, Cricket site, Cricinfo, which was also bought by ESPN and most recently cycling.tv by JumpTV.

scrum.com
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