Takeover nets Bebo founders millions

Michael and Xochi Birch, co-founders of Bebo, are expected to leave the company but will walk away with several hundred million dollars from AOL's takeover. By Mark Sweney

Bebo duo to net millions from AOL deal

Bebo founders Michael and Xochi Birch are expected to walk away from the company several hundred million dollars richer after AOL's takeover. By Mark Sweney

AOL to buy Bebo for $850m

AOL, part of the Time Warner media empire, is to acquire leading social networking website Bebo in an $850m cash deal. By Mark Sweney

Changes ahead for Wall Street Journal

Changing Media Summit: The Wall Street Journal's digital chief executive has said that it is looking to expand politics and sports coverage. By Mark Sweney

Murdoch: I don’t want to fight Microsoft

The slim chance of News Corporation striking a deal with Yahoo has receded further after the Rupert Murdoch said he was not prepared to get into a fight with Microsoft. By Mark Sweney

Sony joins We7 to make music free

We7, a free, advertising-supported online music service backed by Peter Gabriel, has become the first to claim the support of a major label. By Richard Wray and Owen Gibson

BBC pulls sponsorship website

The BBC has taken down a website detailing sponsorship opportunities around its events after a series of complaints from commercial rivals. By Owen Gibson

Google is mortal, says Sorrell

WPP chief executive Sir Martin Sorrell has described Google as 'mortal' following a blip earlier this week in the search engine's performance. By Mark Sweney

Dharmash Mistry leaves Bauer

Bauer has lost its second senior executive in as many days with the departure of Dharmash Mistry, the head of digital operations across its consumer businesses. By Mark Sweney