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    3 starssaigonian | Shared With: Everyone - Jul 11 2006 | myspace
    Bebo

    bebo turns down a $500M offer

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    • saigonian - Jul 11 2006

      San Francisco based social network Bebo, which recently raised $15 million from Benchmark Capital, rejected a £300 million ($552 million) acquisition offer from British Telecom Group “a few weeks ago”, according to an insider on the transaction. Bebo’s asking price? North of $1 billion.

      A Benchmark representative wouldn’t comment on whether or not the rumor was accurate, but did stay on the phone with me long enough to say that “there has been a lot of interest from a lot of people around Bebo”.

      Bebo has been on fire recently, and now has more than 25 million registered users and 3 billion monthly page views. Myspace, for comparison, has 70+ million users and nearly 30 billion monthly page views.

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