Bebo $1bn acquisition "definitely happened", sources claim
Anyone interested more in the financial side of social networks, rather than simply adding tons of weird applications and spending hours turning down odd friend requests and notifications, may like to know that, according to “a high level source”, the social network Bebo has signed an acquisition deal thought to be worth $1bn.
Yes, that’s a whole lot of cash. Previosuly, Facebook had been “valued” at anywhere from $6bn to $15bn, though the rumoured Microsoft take-over never happened.
Mobile dating to become $1bn global phenomenon
According to the latest study from Juniper Research, the mobile dating industry will reach a whopping $1bn in revenues by the year 2012, as some of the big online players such as Match.com expand into the mobile arena. It's Japan…