Richard Hecker Posts

Bebo Founders and Shareholders Suing Criterion Capital

Bebo co-founders Michael and Xochi Birch (MXB Holdings) along with SV Angel, Michael Jackson (TV executive), and Richard Hecker have filed a lawsuit against Criterion Capital Partners, who bought Bebo from AOL in June 2010. The group of investors were persuaded to put money into Bebo after Criterion acquired the social network, but the investors are alleging that Criteron was mismanaging the website and withheld information from them.
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