Key Developments (past week)
Deals (M&A, Finance) –Bebo a Disastrous Investment for AOL
AOL is reported to have sold
, the UK-based social network it bought just twoyears ago for $850 mm, to private equity firm Criterion Partnersfor under $10 mm.Based on our calculations, AOL paid the equivalent of $38 per Unique Visitor (UV) forBebo, and sold it for under $1 per UV.
Multiplied Media (TSXV:MMC)
announced it would be adding Telus Live Agents to itspopular location-based search application, Poynt
Mobile Data Corp. (OTCBB:MBYL)
reported unaudited earnings results for the thirdquarter and nine months ended April 30, 2010. For the quarter, the company hasreported net loss of $24,096 compared to $20,504 for the same period a year ago. Forthe nine months, the company has reported net loss of $137,531 compared to $129,675for the same period a year ago. Net cash used in operations was $84,802 compared to$69,666 for the same period a year ago.