AOL announced the purchase of Bebo for $850 million on March 13, 2008.PC Magazine: AOL Buys Bebo To Regain Social Status (March 13, 2008) The acquisitions came after five months of negotiations between the two companies. A strategic acquisition on AOL's part, Randy Falco, AOL's chairman and CEO, stated "Bebo will be the cornerstone of our strategy to transform the online experience for advertisers, media companies and consumers."PC Magazine: AOL Buys Bebo To Regain Social Status (March 13, 2008)
Fast Facts:
- In started in September 2007
- First reported by TechCrunch in February 2008TechCrunch: Bebo: Up To $1 billion Acquisition “Definitely Happening” Says Source (February 12, 2008)
- Officially announced on March 13, 2008PC Magazine: AOL Buys Bebo To Regain Social Status (March 13, 2008)
- Deal worth $850 million in cashITH.com: AOL to buy Bebo social network (March 13, 2008)
- Bebo is the No. 3 social network in the United StatesITH.com: AOL to buy Bebo social network (March 13, 2008)
- Bebo claims to have 40 million global membersITH.com: AOL to buy Bebo social network (March 13, 2008)
- Bebo was a privately held company
- Bebo has a significant audience abroad in countries such as: Ireland, New Zealand and EnglandITH.com: AOL to buy Bebo social network (March 13, 2008)
How much did AOL sell Bebo for? Who bought it?(1 Answer)
A:
AOL bought social networking site Bebo in 2008 for $850 million and in June of 2010 they sold Bebo to Criterion Capital Partners LLC for reportedly less than ...
Do you use Bebo? Will you be disappointed if it is shut down?(1 Answer)
A:
I use Bebo and I can honestly say that it would make no difference to me if it were shut down. I signed up for my Bebo account ...
Given AOL's new acquisition of The Huffington Post, how will this change the news content that AOL produces?(1 Answer)
A:
Hi @ruhere, I think the The Huffington Post's reputation will change , and so also will the reputation of AOL. AOL is a giant in the media and ...
