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Rumor: AOL To Buy KickApps

Written on: March 14th 2008
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ADOTAS – The increasingly voracious Time Warner Inc.’s AOL is planning to gobble up another company, Kara Swisher reports.

AOL just bought social network Bebo for $850 million, not to mention Yedda and Goowy. Next up? Social networking, widget and applications shop KickApps – the deal could close this week and will likely cost AOL $90 million, Swisher writes.

KickApps launched in 2006 and it has raised $17 million in venture capital.

AOL may be snapped itself, according to Time Warner’s chief executive Jeff Bewkes, who is pursuing merging AOL with another company. Bewkes tried to merge AOL with Microsoft Corp.’s online business last year.

Tags: AOL, Bebo, Goowy, KickApps, microsoft, online advertising, online marketing, social networking, Time Warner, widgets and Yedda

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