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(Mashable) —AOL has found a buyer for struggling social network Bebo, we are hearing from sources close to the deal. The Internet company has been publicly looking for an acquirer for some time, and in April, news leaked that AOL would likely shut down the site if a buyer was not found. We’re not yet sure who the buyer is, though the timing makes sense. In a memo to employees earlier this year, AOL said that it would “complete [its] strategic evaluation [of Bebo] by the end of May 2010.”

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