Did Yahoo Buy Bebo for $1 Billion?
TechCrunch is reporting rumors–for the umpteenth time–that social network Bebo has been acquired for $1 billion. While TC’s betting on Google, it wouldn’t surprise me in the slightest to see Yahoo as the buyer.
Yahoo desperately needs to reinvent itself–which likely means ditching its search aspirations and focusing on its huge network of users. At this time, nothing would be a better shot in the arm than to emerge as a huge social network–something it can do with an acquisition of Bebo.
It would also give current investors an alternative path to consider alongside the option of simply hosting a fire sale. It would also make any hostile takeover bid by Microsoft a lot tougher to achieve.
OK, so the odds favor a Google acquisition. But when you consider Yahoo’s desperation here, the popularity of Bebo, and the fact that Yahoo only recently signed an exclusive advertising deal with Bebo, it might be worth a little wager.