| Acquired by | Criterion Capital Partners |
| Price | $10M |
| Date | 6/10 |
| Acquired by | AOL |
| Price | $850M |
| Date | 3/08 |
| Terms | Cash |
| Website | bebo.com |
| Category | Consumer Web |
| Employees | |
| Founded | 1/05 |
| Description | Social Network |
| TOTAL | $15M |
| VENTURE FUNDING TOTAL | $15M |
| Series A, 5/06 Balderton Capital | $15M |
Launched in July 2005, Bebo has steadily risen to become one of the world’s most popular social networking sites. Users can create profiles on the site for free, stay connected with friends, watch videos, and listen to music. In early 2008 Bebo had over 34 million registered users and 7 billion monthly page views. Bebo’s founders have extensive experience in online social networking, having been involved in the founding and building of such companies as Birthday Alarm, Ringo, and Friendster.
Bebo is officially the largest social networking site in the UK, Ireland, and New Zealand, and is the third largest social networking site in the US behind only MySpace and Facebook.
In 2006, Bebo received the Webby Award People’s Vote for the best social networking site on the web.
Bebo was acquired by AOL on March 13, 2008. It was then re-sold to Criterion for less than $10M, with some sources indicating the deal was around $2.5M.
This video was originally published on Beet.TV
Added: 3/5/09
| Website | bebo.com |
| Blog | bebo.com |
| Stage | Live |
| Launch Date | February 12, 2005 |
| Tags | social-networking |
Bebo dubs itself as the next generation high school and college social network and has features for users to blog, listen to music, and share information, photos, and videos with others. The inclusion of the unique Bebo Bands (now generalized to Bebo Groups) allows artists or groups to upload unlimited music and music content (like videos or albums) to the site. Users can even download music from Bebo, which now connects its users directly to the iTunes store. Besides music, Bebo allows users to search and view a variety of videos that members have uploaded to the site as well.
