MIG-31

AOL today closed its $850 million buyout of European-based social networking site Bebo, leaving Yahoo as the only player among the "big four" search engines not to own a social network.

"When you combine Bebo's worldwide users with those who use AIM and ICQ, we reach around 80 million," said AOL CEO Randy Falco, during a conference call held when AOL initially announced the deal in March.
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Source: Betanews

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