News Byte
Liz Gannes in Social on April 24, 2012 at 4:45 pm PT
Bebo’s co-founders Michael and Xochi Birch and other investors are suing its new owners and seeking $5 million in damages, paidContent reports. The group was persuaded to put more money into Bebo after Criterion Capital Partners bought the social network from AOL in 2010. The investors allege that Criterion has mismanaged the site and withheld information from them.
Kara Swisher in News on August 11, 2011 at 8:12 am PT
Wanna buy a famous Internet company for $500 million?
Kara Swisher in News on June 28, 2011 at 7:42 am PT
Have you ever heard of Specific Media? What about Golden Gate Capital?
One of them is likely to be the new owner of Myspace by Thursday, as the deal to sell the distressed social networking icon goes down to the wire for a $20 million to $30 million price and massive layoffs.
Kara Swisher in Social on May 31, 2011 at 12:54 am PT
The sale of Myspace by its owner News Corp. is still going, going, going,
gooooooing on…
Liz Gannes in Social on April 11, 2011 at 9:00 pm PT
Bebo, the social network bought and sold by AOL, still has 10 million monthly unique visitors, with an average user age of 17 and lots of them in the U.K..
Kara Swisher in News on April 4, 2011 at 6:21 am PT
While no one inside or outside Myspace owner News Corp. expects fireworks and giant piles of money, the tire-kicking for the long-troubled social-networking-turned-entertainment site actually starts Wednesday.
That’s when about a dozen interested parties will finally get a walk-through of the books and more by management and the serious talks begin.
But, said several sources, despite a variety of reports of various interested buyers, no deal is imminent with any one of them.
Kara Swisher in News on February 8, 2011 at 11:31 am PT
Words cannot describe this hysterical and deliciously warped version of AOL’s $315 million acquisition of the Huffington Post by Next Media Animation of Taiwan.
Except BoomTown has hit replay 10 times now.
It takes getting Taiwanesed to an entirely new level of surreal.
Peter Kafka in Media on January 4, 2011 at 3:30 am PT
If you’ve got $49.99, you can buy a copy of “Rock Band 3.” Or you could have bought the company that makes the videogame. Ouch.
Peter Kafka in Media on December 9, 2010 at 7:01 am PT
See? You
can go home again! And if your old home has significantly depreciated since you last saw it, you could even put some money back into it.