Bebo used to be one of the largest social networks back in 2008. AOL acquired Bebo in March 2008 for $850 million in cash. AOL sold Bebo to Criterion Capital and several other investors in June 2010. Some of the minority shareholders in Bebo include co-founder Michael Birch, SV Angel, and Hecker Consultancy. Bebo has filed a voluntary petition for Chapter 11 Bankruptcy in the Central District of California, according to the Chapter 11 Cases blog.
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