Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 02 July 2013 10:51

Bebo might get new life

Written by Nick Farrell



Might be rescued from Chapter 11

The founder of the Bebo website might be thinking of rescuing it from insolvency. 

Michael Birch tweeted that he is looking the "re-invent" the website, which he sold to AOL in 2008. Birch set up Bebo, which can be used to post blogs, photographs, music, videos and questionnaires. The couple reaped $595m after selling their 70pc stake in Bebo to AOL.

AOL offloaded the site to Criterion Capital Partners (CCP) three years ago for a reported figure of less than $10m. Bebo could not keep up with Facebook and Twitter and in 2010 AOL announced it was planning to sell or shut down the site. CCP stepped in, but Bebo filed for Chapter 11 voluntary bankruptcy protection just seven weeks ago.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments