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.
this website should help
https://en.wikipedia.org/wiki/Parliament_of_the_Cape_of_Good_Hope