Garrett Carter Bebo: Randy Falco’s $850 Million Rescue Plan for AIM

AOL has been looking for the way to expand the growth for the past decade and they found it in Bebo. AOL plans the buy Bebo for $850 million in cash. Bebo is a social network that is very popular in the United Kingdom and some the other parts of the world. There where attemps to make there on social network and a potential deal with MySpace, but AOL failed in doing so. Bebo is said to have a well-designed product though media such as Facebook and the self expression through media of MySpace.

I think this was a good buy, because social network are very popular in the world, and it helps people to network, communicate, and express themselves.

http://bits.blogs.nytimes.com/2008/03/13/randy-falcos-850-million-rescue-plan-for-aim/index.html?ref=technology

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