AOL envisages close or sell its site socialization Bebo

AOL envisages close or sell its site socialization Bebo | ABH News

The troubled internet company AOL Inc. plans to sell or close social network Bebo, almost two years after acquiring it in $ 850 million, which sought to expand into this area of communities in the network.In an email sent on Tuesday to employees, Jon Brod, the unit responsible for investment and acquisitions of new companies, AOL Ventures, said that Bebo would need a “significant investment” to continue competing.

AOL envisages close or sell its site socialization Bebo | ABH News

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