BT luvs Bebo

TechCrunch report: Bebo Shuns $550 Million Acquisition Offer

San Francisco based social network Bebo, which recently raised $15 millionfrom Benchmark Capital, rejected a £300 million ($552 million)acquisition offer from British Telecom Group “a few weeks ago”,according to an insider on the transaction. Bebo’s asking price? North of $1 billion.

Sounds like another big media company trying to pay big money for something they don’t understand? Maybe? But then you read something like this:

Hitwise research shows that users of social networking site Bebo generate more than half of all UK visits to VoIP provider Skype.Visits to Skype from Bebo make up 56% of the VoIP site’s total visits.

From mad.co.uk (appears to be subscription only – although I accessed it earler ?!?): Half of Skype visitors come from Bebo as young users adopt VoIP

If you can’t get in to mad.co.uk you can read about the Hitwise analysis (where I think their figures came from) at: Heather Hopkins – Hitwise UK: Skype, Bebo and Vonage – Why Skype Visits are Through the Roof

Heather says:

Earlier this month, Skype and Bebo announced a partnership to take VOIP social. The partnership allows users to host “Skypecasts” with up to 100 participants on the same call and we have already seen a massive impact on Skype’s traffic. Last week, 58% of visits to Skype came from Bebo

Be interesting to see how much real uptake there is of Skype through this.

Maybe their valuation isn’t so crazy after all…

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