Wednesday, April 07, 2010

Money Talks; It Says Goodbye

AOL (NYSE: AOL) told employees today that it may sell or shut down social network Bebo this year after deciding it would take too much additional investment to make keeping it worthwhile.
AOL bought Bebo for $850 million in 2008.

850 million here, 850 million there; pretty soon you're talking about a lot of money.

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