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SUNDAY, NOVEMBER 8, 2009
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AOL Explores Sale of Bebo: Sources

Networking site may be on block for $200M year after $850M sale

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(Newser) – Less than a year after shelling out $850 million to acquire Bebo, AOL is looking to sell, sources tell TechCruch—though both AOL and the social-networking site are denying it. Bebo, with underwhelming numbers and buffeted by the spiraling economy, could go for $200 million.

AOL bought Bebo last year for $850 million, and could now sell it for $200 million, sources tell TechCrunch.
AOL bought Bebo last year for $850 million, and could now sell it for $200 million, sources tell TechCrunch.   (AP Photo)
Randy Falco, Chairman and CEO of AOL; Joanna Shields, President of Bebo; and Ron Grant, President and COO of AOL.
Randy Falco, Chairman and CEO of AOL; Joanna Shields, President of Bebo; and Ron Grant, President and COO of AOL.   (Business Wire)
AOL bought Bebo last year for $850 million, and could now sell it for $200 million, sources tell TechCrunch.
AOL bought Bebo last year for $850 million, and could now sell it for $200 million, sources tell TechCrunch.   (Bebo)
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Newser001
Jan 27, 09 8:51 PM CST
Bebo is pronounced, boo-boo. Reply
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Earlier rumblings that AOL was looking to cut and run
GigaOm

The site in question
Bebo

In other tech rumors, is Google buying Skype?
InformationWeek


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social networking • AOL • Bebo • financial crisis

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