AOL's Bebo on Its Last Legs?
AOL is evaluating strategic alternatives for Bebo, including a sale or shutdown of the social networking site this year. A decision is expected by the end of next month.
In early 2008, AOL, then part of Time Warner, acquired U.K.-headquartered Bebo for $850 million at a time when media giants were looking at digital media targets, particularly in the networking space. But the price target was considered very high, and TW and AOL executives later started hinting at a potential sale.
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