AOL bought Bebo in 2008 for $850 million in cash. After five years of failures and losses, Bebo's founder buys it back for a meager $1M to "reinvent" the site for fun.
Bebo bargain: After selling to AOL for $850M in 2008, founders buy it back for ... $1M
Venture Beat - 1 Jul 2013 23:50
AOL bought Bebo in 2008 for $850 million in cash. After five years of failures and losses, Bebo's founder buys it back for a meager $1M to "reinvent" the site for fun.
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