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svetlana [45]
3 years ago
10

Why did aol fail when it acquired bebo

History
1 answer:
nexus9112 [7]3 years ago
6 0

The acquisition of BEBO by AOL turned out to be a disaster because the social network did not live up to its price and its business was sinking. AOL had bought the Bebo in 2008 for $850 million in cash and ended up selling it to digital media investors Criterion Capital Partners in 2010 for $10 million.

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