This one doesn’t look like it will have a happy ending for anyone other than the Bebo investors.
In an unexpected move, AOL has acquired social-networking site Bebo. The price tag: $850 million in cash.
Rumors had floated over the past few months that Bebo, which has over 40 million members, was up for sale. Reports suggested [...]

The Toronto stock market was slammed with its biggest single-day loss since the tech bubble burst seven years ago as nervous investors worried that the Canadian economy will feel the ripple effects of a looming recession in the United States.The 605-point drop - 4.75 per cent of the market - trimmed more than $90 billion [...]