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Bebo Finally Sold!

June 17th, 2010 by

Internet company AOL has finally managed to sell Bebo, the social networking site it bought two years ago for $850m (then £417m). Criterion Capital Partners, a private investment firm, announced that it had bought the business, but did not disclosure the amount paid. However, analysts suspect it to be just a fraction of the price Read News…

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AOL to Shut or Sell Bebo

April 8th, 2010 by

Internet company AOL plans to shut or sell the social networking site Bebo after buying it less than two years ago. AOL bought the site in May 2008 for 850 million US dollars (£550 million) when AOL was still part of Time Warner.  The investment has proven to be a failure and the company announced Read News…

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