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Rumor: Bebo Acquired for $1 Billion


Bebo, the largest UK-native social network, is rumored to have been sold to a masked buyer for $1 billion.

Some believe the buyer may be Google, due to a user overlap between Bebo and Google-owned Orkut.

Microsoft may have an eye on the property as well.

Other potential buyers include CBS, Viacom, and Comcast. News Corp. and Yahoo reportedly dropped out, due to price.

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