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July 8, 2008
Ex-Google Exec Heads to Bebo Europe
Ex-Googler Kate Burns has been tapped by social networking site Bebo to head up their European operations, according to the Guardian. Burns previously was Google's managing director for the UK. She also helped launch DoubleClick and AltaVista in the UK.
Bebo was recently acquired by AOL for $850 million. The site boasts 40 million members worldwide. AOL's Platform-A recently announced a guaranteed CPM for Bebo developers. Platform-A was the largest ad network in March.
Also in March, Microsoft announced a data portability with 5 social networks, including Bebo. However, AOL joined Google's OpenSocial initiative in May.
Google owns a 5% stake in AOL, and was recently given permission to unload the stock, though it has yet to do so.
Meanwhile, rumor of a possible Yahoo-AOL merger have reared its (ugly?) head again, but today reports are suggesting any deal would not be completed in July. Yahoo's shareholder meeting is August 1.
Posted by Nathania Johnson on July 8, 2008 11:45 AM
