AOL Completes Acquisition Of Global Social Media Network Bebo

May 20, 2008

AOL announced that it has completed its acquisition of Bebo, a social media network that will help form AOL's People Networks business unit. Bebo's CEO Joanna Shields will serve as Executive Vice President of AOL and President of People Networks, which combine Bebo, AIM, ICQ and AOL's other community platforms. People Networks will integrate AOL’s other community applications and tools, including IM, chat, mail, widget technology company Goowy Media, and social search question and answer service Yedda into Bebo. It will also let users merge AIM and Bebo profiles so they can use common screen names without re-registering. Integration plans also include the cross-distribution of AOL and Bebo content and applications to expand the scale of the combined networks.