AOL Explores Sale of Bebo: Sources

Networking site may be on block for $200M year after $850M sale
By Will McCahill,  Newser Staff
Posted Jan 27, 2009 3:56 PM CST
AOL bought Bebo last year for $850 million, and could now sell it for $200 million, sources tell TechCrunch.   (AP Photo)
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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.