AOL Buys Bebo As Interest In Social Networking Declines
You’ve no doubt seen the news that AOL is buying social network Bebo for $850 in cash. By any standards, that’s a great exit for all involved. Bebo was founded in 2005 and raised a single round of venture capital ($15M for 16% of the company, apparently) in 2006. They’ve been pretty successful in growing [...]