Roll Call: March 13, 2008

Here's the news for Thursday.

Time Warner Inc.'s AOL is buying social network Bebo Inc. for $850 million, and management is considering splitting off the business, according to Reuters and Silicon Alley Insider.

Electronic Arts Inc. is officially going hostile with a $2 billion tender offer for Take-Two Interactive Software Inc., according to The New York Times.

Jossip is on the block, the New York Post reports.

YO! Sushi, a sushi operator, has been acquired by Quilvest Group and its management team, according to Restaurant News Resource.

Good Times Restaurants Inc.'s wholly owned subsidiary, Good Times Drive Thru Inc., is acquiring two franchised restaurants from CEDA Enterprises Inc. for a total of $1.35 million, according to Restaurant News Resource.

Drake Management LLC is considering liquidating all three of its hedge funds, including its $3 billion Global Opportunities, according to The New York Times.

 Blue River Asset Management is liquidating a $1 billion municipal-bond hedge fund, Reuters reported.

 Visa Inc.'s IPO may be impacted by lawmakers, the New York Post.

Suntech PowerSolar Energy will invest up to $100 million in Nitol Solar Ltd., an independent polysilicon producer, according to Blogging Buyouts.

- Maria Woehr

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