engine - 3:03 pm on Jun 17, 2010 (gmt 0) [edited by: tedster at 10:56 pm (utc) on Jun 17, 2010]
AOL Sells Social Networking Site, Bebo, To Private Investment Firm [news.bbc.co.uk]
Internet company AOL has sold Bebo, the social networking site it bought two years ago for $850m (then £417m).
Criterion Capital Partners, a small private investment firm, announced that it had bought the business, but did not disclose the amount paid.
However, analysts suspect it to be just a fraction of the price paid by AOL in 2008.
[edit reason] fix typo [/edit]
[edited by: tedster at 10:56 pm (utc) on Jun 17, 2010]