TechCrunch report: Bebo Shuns $550 Million Acquisition Offer
San Francisco based social network Bebo, which recently raised $15 millionfrom Benchmark Capital, rejected a Â£300 million ($552 million)acquisition offer from British Telecom Group â€œa few weeks agoâ€,according to an insider on the transaction. Beboâ€™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
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…