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AOL Dumps Bebo For Reported $10 Million
June 17, 2010, 9:27 amAOL has confirmed in an SEC filing this morning that it has sold its ailing social site Bebo to digital media investors Criterion Capital Partners. Although the value of the deal was not disclosed, reports have the price tag at a mere $10 million although AOL had forked out a hefty $850 million to acquire the company in March 2008.
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