14 February 2008 11:03 GMT / By Amy-Mae Elliott
Reports that social networking site Bebo has hired an investment bank, Allen & Co, are fuelling rumours that the site is about to announce a big buy-out deal."A high level source" has told TechCrunch that Bebo has been in discussions with a number of potential buyers, and says that the company signed a deal on Monday to be acquired. The rumored price is $1 billion.
The speculative list of potential buyers is long, with some, Yahoo for example, said to have backed out early baulking at the high cost for the company - the second largest such site in the UK, after Facebook.
CBS, Viacom, Comcast, Google and Microsoft are all seen as strong potential buyers. Software, Websites, Bebo, Biz, Rumours
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