AOL sells off Bebo say press reports

Social media site to live on.

According to press reports, AOL has finally got rid of its Bebo albatross. The social media company, once the hottest website among UK's teenagers, has been sold to an unknown buyer, according to a report in Mashable. No one from AOL was commenting on this although the Wall Street Journal has suggested that the buyer was private equity company Criterion according to The Wall Street Journal.

The price has not been revealed, although the WSJ has said that it was a fraction of the price that AOL paid for it two years ago. In April, AOL threatened to shut the site down unless a buyer could be found.

Bebo has been a victim of the onward march of the dominant Facebook. Like the once market-leading My Space, struggling since its acquisition by News Corp, Bebo has suffered from a falling number of users. Bebo has never been as popular in the US as it has been in Europe. Analysts have also speculated on the future of My Space. Earlier this year, News Corp's owner Rupert Murdoch admitted that the company had "made mistakes" with My Space.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags AOLbebo

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Maxwell Cooter

Techworld

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?