
Bebo, A famous biggest social networking website in Britain, the Irish Republic and New Zealand is in process to be sold.
Current valuation of the third biggest social networking site (bebo) in the US is $850m.
The Price is less when compared with the valuations of similar websites. Facebook 1.6% of stake is being sold for $240m, News corp brought Myspace for $580m but now estimates for worth more than $15bn.
Hemant