Bebo say no to 550m takeover

$550m for Bebo? Try at least doubling that figure and you’ll see what Bebo are after having declined a potential $550m takeover from BT, according to TechCrunch this morning.

Bebo has quickly become a serious challenger to MySpace’s social networking domination in the US and is certainly one of the most popular sites in Ireland.

What the hell would you be doing spending a billion dollars on it? Justify that to your accountant!