Yahoo to acquire Bebo

The troubled Sunnyvale internet media company, which has been in the market for a social network site, is said to be in talks with Bebo. The rumor's floated in a British paper, the Sunday Telegraph, so take it with some skepticism. On the other hand, Yahoo tried last year to acquire Facebook, the largest social network site after Myspace. Having failed to come to terms with Facebook's Mark Zuckerberg, it would not be unexpected for Yahoo to turn to the number three player.