March 13, 2008 08:00 AM Eastern Daylight Time

Aol has acquired the social netowrk of bebo o for $850 million in cash.This scoial network  was founded by Michael and Xochi Birch, is the world’s leading global social media network. Bebo has 11.4m unique users in the UK and a total membership of more than 40 million worldwide. Bebo also ranks as the UK’s most engaging social network with users spending an average of 33 minutes on the site per usage day.

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Our tech tags: AOL acquires Bebo., AOL Bebo., bebo aol