Apple bringing iTunes to Bebo?

Apple is ready to announce a deal to embed a version of the iTunes Store into the Bebo social networking site, according to a Financial Times report. The report claims that beginning today, the service’s 8.8 million users in the UK and Ireland will be able to buy music from the profile of any musician who has both a Bebo profile and music on iTunes.

Bebo has 500,000 musicians registered on the site, a number that includes both established acts and unknown bands. The deal would mark the first time Apple has offered an embedded version of iTunes on a social networking site.