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---- AOL Sells Social Networking Site, Bebo, To Private Investment Firm


walkman - 11:52 pm on Jun 17, 2010 (gmt 0)


AOL, which paid $850 million for the site, got less than $10 million for it, said a person familiar with the matter, who declined to be identified since the price wasn’t made public. AOL said in a filing today it expects to record a tax benefit this quarter of $275 million to $325 million from the sale.

[businessweek.com...]


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