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Bebo Founders Will Make About $600 Million

Bebo founders and husband-wife team Michael and Xochi Birch will make about $600 million in the sale of the social networking site to AOL (NYSE: TWX) for $850 million. The two founders are reported to have about a 70 percent stake at the time of the deal. This for less than three years of work. We reported earlier that VC firm Balderton Capital will reap about $140 million - nine times what it invested in Bebo less than two years ago - by selling its 15.7 percent stake.

A profile of the humble Birches, here in Times UK.

Mar 15, 2008 10:14 PM ET
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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, AOL, Time Warner, bebo

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