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Bebo sold by AOL after just two years

Bebo sold by AOL after just two years

Internet company AOL has sold Bebo, the social networking site it bought two years ago for $850m (then £417m).

High School Chemistry Research Papers Research Paper Sale Criterion Capital Partners, a small private investment firm, announced that it had bought the business, but did not disclose the amount paid.

Qt Creating Custom Widgets However, analysts suspect it to be just a fraction of the price paid by AOL in 2008.

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Sample Business Plan For Restaurant Pdf Since then, Bebo has struggled to compete effectively against social networking rivals such as Facebook.

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Phd Dissertation Assistance How Many Pages Earlier this year, AOL announced plans to sell or shut down Bebo because it was unable to provide the “significant investment” needed to prevent its decline as a business.

Read More/Source: BBC News

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