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Rio de Jeneiro has won the bid.

so I heard
Chicago lost

I think in my opinion that Rio should be the spot because its going to be the first in Latin America and it has a nice beachside lifestyle and stuff

Who else was bidding?

Madrid
Tokyo
Rio de Janeiro (Winner)
Chicago (Loser)

Tokyo would've been kind of cool.

dont ya mean 2016 games?

oh yeah, 2016

Who's hosting in 2012, then?

London, I think.

London is hosting the 2012 games. 

Rio will be hosting the 2016 games