Bebo sold by AOL after just two years

[TRF_Cymro]

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

Criterion Capital Partners, a small private investment firm, announced that it had bought the business, but did not disclose the amount paid.

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

Since then, Bebo has struggled to compete effectively against social networking rivals such as Facebook.

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.

http://news.bbc.co.uk/1/hi/business/10341413.stm​

 

[Saints1]

Bebo has absolutely no exposure in the UK whatsoever, although I hear it's very popular in Ireland.

 

[snoopy snoopy dog dog]

Bebo has absolutely no exposure in the UK whatsoever, although I hear it's very popular in Ireland.

It was very popular here. Most users have migrated over to Facebook. Bebo is seen as a site for teenyboppers now.

 

[TRF_Olyy]

Myspace for Emos, Bebo for Chavs, Facebook for uni students/adults (or at least it was, now it's for everyone),
That's how i viewed it anyway, Bebo (from the profiles i saw) was just chavs saying "dis is my moped innit" and having weed leaves stuck all over the place

 

[Jake Heke]

Yeah Bebo is very childish now.