Remember the English social network called Bebo?
No?
Not surprising since its only real claim to fame was that Aol lost its mind and bought it for $850 back in 2008 and from there returned to an even worse state of obscurity. During Aol’s latest round of trying to figure out what their future is they let the word out that they would be willing to sell Bebo to whoever was interested.
It was also stated that if they couldn’t find a buyer they would shut the service down which according to Mashable won’t happen as a buyer has showed up.
Update: The buyer of Bebo is Criterion Capital Partners, a hedge fund. We’re digging for more details.
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AOL has found a buyer for struggling social network Bebo, we are hearing from sources close to the deal. The Internet company has been publicly looking for an acquirer for some time, and in April, news leaked that AOL would likely shut down the site if a buyer was not found.
We can all return to not caring now.
