August 9, 2006

Viacom takeover of Bebo on the horizon?

Last year Bebo lost out on a bid to buy MySpace to Fox’s News Corp, which bought the social networking site for $580m. But Viacom could be back in the running; rumours abound that they have almost made a deal with rival social networking site, Bebo.

Although Bebo has just a quarter of the members that MySpace has, it could be immensely lucrative as the majority of its members are fairly well-off individuals in the highly sought after youth market.