AOL Completes Acquisition Of Global Social Media Network Bebo

AOL announced that it has completed its acquisition of Bebo, a global social media network that will form the centerpiece of AOL's newly created People Networks business unit. .

“With the addition of Bebo and the creation of People Networks, AOL is uniquely positioned to capitalize on the exploding social media space by delivering a more personal experience for consumers and a better way for advertisers to engage them,” said Randy Falco, Chairman and CEO of AOL.

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