AOL buys Bebo for $850m cash
Congratulations to the company, the Birch family that founded it and also to Balderton as an investor.
It is great to see another European success story like this.
Full details on Techcrunch UK, and for the financially curious some stuff on the Balderton site.
March 14th, 2008 at 6:49 pm
Now they’ve got some money - reckon Balderton will start investing in the younger companies again.? eh… eh…
April 4th, 2008 at 10:59 am
[...] article was inspired by AOL’s recent acquisition of Bebo for $850m. It’s main point is that social networks are like (or will become like) webmail and [...]