The Guardian
trending topics

Bebo Founders Will Make About $600 Million

  • Comments Comments (View)
  • Text Size: A A

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

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, AOL, Time Warner, bebo

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Free) Android Apps (Free)
1. Facebook for Android
2. Pandora® internet radio
3. Angry Birds
4. Words With Friends Free
5. Voxer Walkie-Talkie PTT
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff