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Wednesday, July 12, 2006

Bebo Turns Down £300M

Bebo/Social Networks/News/Peter Cashmore
Found on: Mashable.com



Bebo, the popular social network, has reportedly turned down a £300 million ($552 million) acquisition offer from British Telecom. Bebo demanded more than $1 billion for the company, which is massively popular in the UK market. The news follows rumors in March that Facebook had turned down an offer of $750 million.

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