Update :- Bebo is sold to Criterion Capital Partners, a hedge fund, according to Wall Street Journals. AOL has finally found a buyer for its social network site Bebo. Sometime back in April, AOL was getting rid of its struggling social network Bebo, and reported that it couldn’t afford the ’significant investment’ Bebo and it could [...]
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Well it’s no new thing AOL – getting rid of its ICQ, AOL was looking for a buyer for ICQ, and now it found one Russian investment company Digital Sky Technologies (DST). ICQ is an Instant Messaging from AOL, first developed by the Israeli company Mirabilis. Then AOL acquired it in June 1998 for US$407 [...]
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AOL, AOL Inc. is actively trying to rid itself of Bebo, the social-networking site just after two years of its purchase at 850 million US Dollars. According to news reports, AOL admitted that it couldn’t afford the ‘significant investment’ Bebo needs to take on rivals like Facebook and Twitter and may soon shut down or [...]
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