The end of May is a memory and AOL (NYSE: AOL) has yet to announce the fate of Bebo, the $850 million bet made by previous management. I was told earlier this week an announcement could still be weeks away. This might be one reason: CEO Tim Armstrong just said at D8 that there has been some interest from buyers. No clue as to what shape that could take but it’s hard to believe it would be a major sale. Then again, “interest” is a pretty amorphous term and that announcement could still be that Bebo is being shut down.
@ D8: AOL’s Armstrong: Some Interest In Buying Bebo
Summary:
The end of May is a memory and AOL (NYSE: AOL) has yet to announce the fate of Bebo, the $850 million bet made by previous management. I was…
Bebo will join the ranks of Geocities and Broadcast.com as some of the worst acquisitions in web history! Congrats to all of you!