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AOL To Sell Bebo For Around $10 Million
- JMiao 16y agostill overpriced by, um, $10 million.
- subwindow 16y agoThe Birch family made out handsomely in this whole fiasco, leaving shortly after Bebo was acquired. Everyone else got fleeced. This deal reminds me of the many horrible deals done at the beginning of the decade. It's not a surprise that AOL never learned their lesson.
- rythie 16y agoWho got fleeced exactly? No one force them to buy it. Seems like Aol destroyed all the value the site had by losing to the competition.
- maukdaddy 16y agoAOL shareholders didn't get fleeced, but certainly were done a huge disservice by AOL mgt. NO way in hell that Bebo was EVER worth $750m.
- infynyxx 16y agoAOL's midas touch
- pinko 16y agoReminds of this great graphic ("The AOL- Bebo Value transfer equation"): http://www.broadstuff.com/archives/790-The-AOL-Bebo-Value-transfer-equation.html http://www.broadstuff.com/archives/790-The-AOL-Bebo-Value-tr...
- Nwallins 16y ago> Here’s why – complicated corporate tax rules will let Aol write off the full purchase price of Bebo if they declare it worthless and abandon the asset. ...yet another perverse outcome of overly-complicated, micro-managed tax codes. The law of unintended consequences strikes again! http://en.wikipedia.org/wiki/Unintended_consequences http://en.wikipedia.org/wiki/Unintended_consequences
- olegk 16y agoEPIC FAOL
- malloreon 16y agoI'll catch it on the rebound for $1K
- rwhitman 16y agoMichael Birch is one brilliant/lucky dude.. 70% stake in an $850mil exit and the thing goes from slump to garbage bin within two years of his leaving it. Epic