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Financial Times speculates that, after AOL's acquisition of social network Bebo, which has been officially finalized today, Yahoo might lose its advertising deal with Bebo. This deal was one of Yahoo's strongest ad deals and one of the rare such deals they managed to snatch away before Google, which already has ad partnerships with MySpace and Friendster.
Yahoo's deal with Bebo covers only UK, Ireland and Australia, while US is free for the taking; and guess where Bebo plans to expand to next? Of course, chances are that AOL is going to its ad network Platform-A for Bebo in the US, and if that goes well, Yahoo might lose the rest of Bebo, since advertising deal between two companies ends September 2009.