Tim Armstrong

AOL sells Bebo with the loss of 85%

AOL has sold its social networking site Bebo to US-based merchant banking and financial advisory firm, Criterion Capital Partners. The deal was reportedly closed for less than $10 million. AOL had acquired Bebo by paying $850 million in March 2008. with tough market competition from frindster & Facebook, which over run Bebo made AOL to accept the loss of allmost 85%.

Latest News

Judgement Day For LG: Time To Bid Adieu To Smartphone Market!

When the going gets tough, the tough get going. But that doesn't seem to fit in case...
- Advertisement -

Amazon Prime Video: End Of Subscriber Hunt And Beginning Of An Ad-Fuelled Future!

The streaming landscape of India is going through a rapid transformation. Seems like it is no longer about raking in subscribers by...

Why Is Retargeting Touted As A Secret Weapon For Success By Online Marketers

You know that ads play an important role in driving people to your website if you run a small business and sell...

Happy B’day Chad Hurley: The Co-Founder Of The World’s Largest Video Library

Chad Hurley never cared about success, he mended his ideas and tried to garner the fruits from those. But not every time...

Encouraged By Record Profit of RIL, Ambani Wants To Accelerate 5G Arrival in India

Brace yourselves for the sooner-than-anticipated arrival of  Reliance Jio 5G services because the 63-year-old billionaire tycoon Ambani recently pledged to the speedy launch...