New York – Online social network Bebo, which AOL acquired
for $850 million in 2008 but sold last year to Criterion Capital for less than
$10 million, has received an investment from co-founder Michael Birch.
Founded
in 2005, Bebo claimed over 34 million users by 2008, and is most popular in the
U.K. and New Zealand.
Birch, who All Things D reports may be looking to flip
the company, has signed on as an advisor to Bebo.
Related Links:
http://tinyurl.com/2g9cg3h
(All Things D)
