by admin
AOL sells off Bebo
AOL the leader of Internet has sold off Bebo, the leading social networking website in UK for a undisclosed amount to Criterion Capital Ventures reports from economictimes.com and cnet.com . AOL had bought bebo in the year 2008 for a whooping amount of 850$ million. AOL which has been struggling to keep its customer base updated seems to realise that it needs to shrug off its bad asset and seems to have sold off Bebo.
