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Filed under: Web services, Social Software

Bebo turns down Facebook-scale acquisition

BeboAccording to TechCrunch's Michael Arrington, social networking site Bebo, which claims 25 million registered users and a large user base in the U.K., recently turned down a $550 million acquisition offer from U.K. telecom conglomerate BT Group. Compare to MySpace, which sold to News Corp. for $500 million last summer, and Facebook which turned down a reported $750 million. Bebo appears to be taking a gamble similar to Facebook's, reportedly asking for more than a billion dollars from potential suitors. Facebook, of course, did not win that particular gamble, as no offers of anywhere near that magnitude have come its way since then, but nevertheless the site doesn't seem any worse for it.

Featured Time Waster

The World's Hardest Game 2.0 - Time Waster

So, just how good at time waster games are you? Think you've got the stuff? Well, The World's Hardest Game 2.0 doesn't think you do. Yes, amazingly, it's possible to have a sequel to a game called "The World's Hardest Game". It doesn't seem logically possible, since if the first one was actually the world's hardest, how could another one come along and share the moniker? It made me doubt the name in the first place. That is, until I tried the game. The mechanics of the game are very simple. You are a small red square, ...

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