Following up on last week's rumor that social networking site Bebo was looking to be acquired, TechCrunch reported that it's highly likely the company did sign a deal on Monday to be acquired -- for a possible price of $1 billion.

The potential buyer remains a mystery.

TechCrunch is putting its money on Google, but Marketing Pilgrim's Andy Beal is betting on Yahoo.

Given Yahoo's desperation to find alternatives to a Microsoft takeover, its acquisition of the second largest social network in the UK, behind Facebook, isn't such a long shot.

Yesterday, Yahoo announced its purchase of Maven Networks for $160M to boost its video capabilities.