AOL Finds A Buyer For Bebo For A Lot Less Than They Paid For

AOL is selling social network Bebo for a small price. AOL bought Bebo for $850 million in 2008 and the numbers being thrown around for the sale is between $5-$10 million. The buyer is expected to be Criterion Capital Partners. Selling the social network at a low price will allow AOL to write off the full purchase price for tax reasons. [WSJ]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
Leave a Comment