AOL is looking to social network Bebo, which it acquired in March for a reported $850 million, as a means to reposition AOL as a top performer in the Web-content and social-networking categories. The Bebo strategy hopes to leverage the estimated 124 million users of AOL's instant-messenger client and of Bebo itself, and is focused around the "Social Inbox," which aggregates access to content from around the Web, including e-mail from Yahoo! and Google, as well as feeds from Twitter and video from YouTube.

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