Reed Smith, Herbert Smith in as AOL buys $850m Bebo

March 16, 2008 The City arm of Reed Smith Richards Butler has picked up a profile-raising mandate on the $850m acquisition of social networking website Bebo by AOL. The firm’s London arm advised longstanding client Bebo on UK aspects of the deal, with senior associate Gregor Pryor leading a team that also included associates Krista James and Daniel Barnett. Internet giant AOL looked to regular adviser Herbert Smith for UK advice.

Bebo was advised in the US by Weil Gotshal & Manges, for whom corporate partners Kyle Krpata and Dick Millard took the main roles, while Simpson Thatcher & Bartlett advised AOL.

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