engine - 3:03 pm on Jun 17, 2010 (gmt 0)

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.

[edited by: tedster at 10:56 pm (utc) on Jun 17, 2010]
[edit reason] fix typo [/edit]