AOL Acquires Bebo for $850M cash

The Domains reports AOL Annouced today that it will pay $850 million in cash to acquire social media network Bebo, which has total global membership of more than 40 million. Bebo is one of the largest social networks in Britain, and is ranked number one in Ireland and New Zealand and number three in the […]

Yahoo Sued for Spurning Microsoft

AP reports: DOVER, Del. (AP) — Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp. The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit’s police and fire retirement system and […]