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To remind you: AOL paid 0 million for Bebo back in 2008. In a press release that just went out, Criterion acknowledges that it has acquired the Bebo business from AOL and that it will “assume the rights and complete operating control over the global social platform business”.The acquisition and financing was led by CCP partner Adam Levin in partnership with business strategist Paul Abramowitz and web entrepreneur Richard Hecker.Though the questions should have narrowed my potential matches, I unfortunately did not see many people that I was attracted to or would actually go for.I like the idea of this site and how it mixes dating and social media; however, I really didn't like the selection.Bebo stands out because it combines all the standard social networking elements along with a few extras.Users can play online games together through Bebo and possibly meet a potential date through the site’s dating page.We’re consistently updating these resources, so we encourage you to check back often for more Facebook dating resources.There are many Facebook dating sites to choose from.

The user can create their own customizable profile and post videos and photos for the Bebo community.Criterion Capital Partners will take over Bebo’s global operations immediately and retain its San Francisco-based headquarters.Exact terms of the deal are not being disclosed by either party, but AOL CEO Tim Armstrong sent a note to all employees this morning that suggests our earlier reports that the ability to offset almost the whole sum it paid for Bebo as a tax loss played a big role are correct.Today we are announcing that we completed the sale of substantially all of the assets of Bebo, Inc. This sale is important for Bebo’s users and for AOL.The deal will allow Bebo’s users to remain within the social platform that they know and love, while enabling a new owner to bring new possibilities and experiences to bear.The site was acquired by AOL on March the 13th, 2008 for 0m.AOL sold to private equity group Criterion Capital Partners in 2010 for less than m. It is difficult to make a product that is completely original.In April we communicated the fact that Bebo was among the assets we would be not be keeping as part of our main portfolio of businesses.At that time, we indicated that we hoped to finish our strategic evaluation by the end of May, which we did.But to each her own." Started in 2007, Zoosk built a sizable user base quickly by tapping into the existing user bases of popular social networking sites.It has since maintained its user base, making it one of the larger online dating sites.The rumors are true: hedge fund Criterion Capital Partners is indeed the buyer of Bebo.As we reported yesterday, AOL is offloading the social networking service for less than million (other media are reporting a purchase price of around .5 million).The site also offers users a dating area for single users who are interested in connecting and possibly starting a dating relationship.Bebo was founded in 2005 by Michael Birch and Xochi Birch as an alternative to My Space, one of the first social networking websites.




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