The Big Rumor - Yahoo to Buy Bebo for $1B

Websites that are popular are more prone to rumors. Yahoo is not an exception. In 2007, a big rumor spread across U.K. that yahoo is working on to buy Bebo, a U.K. based social media networking site, for one billion dollars. Currently, Bebo has around 25 million users worldwide, when compared to MSN that has 100 million registered users.

It is a known fact that yahoo tried to buy facebook.com an year before this rumor. As the deal ended up in vain, Bebo was Yahoo’s next alternative. This is because Yahoo do not have major stake in the social networking sphere.