AOL of Reston, VA to sell BEBO to Criterion Capital Partners, LLC

Reston, VA – June 16, 2010 – AOL, a leading internet provider and online media services is planning to sell its youth centric social networking site BEBO  to its only bidder Criterion Capital Partners, a  merchant banking and financial advisory firm. Criterion Capital Partners bid was only $2.5 Million but AOL asked to raise it up a little. This is a big loss for AOL since they acquired BEBO for $850 Million last 2008.

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