Filed under: Internet, Social Software, AOL, web 2.0
AOL completes take-over of Bebo
While Bebo is most popular in the UK, Ireland, and New Zealand, AOL is hoping grow this upcoming social network in the US. Silicon Alley Insider seems to think AOL will layoff employees working in the AIM/ICQ division due to the restructuring process.
What do you think? Did AOL make a good decision? Do you think this acquisition puts AIM at risk? Be sure to voice your opinion in the comments!
Disclaimer: AOL is the parent company of Weblogs, Inc. which owns DownloadSquad.
[via InformationWeek]
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Reader Comments (Page 1 of 1)
robotrock said 10:10PM on 5-19-2008
I don't think AIM is at risk. I just hope when they lay off a bunch of people this Christmas (again...for the umpteenth time) that they can find a good excuse for spending nearly a billion dollars on Bebo...
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BlackCoffeeNoSugar said 8:15AM on 5-20-2008
Another victim of AOL: How many people are still using ICQ and Winamp?
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Jay said 9:35AM on 5-20-2008
I'm surprised that Microsoft didn't attempt to purchase this social network given their need to expand into the internet space based on competition from Google.
This move is smart for AOL as they expand their reach in Europe and hopefully improve their market share on that contient.
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