Yeah, I suppose he could afford it…
The former owner of social networking site Bebo has re-invested in the ailing company which was sold off for a fraction of the price AOL paid for it.
Michael Birch originally sold Bebo to AOL for $850m (£540m) in 2008.
Its fading fortunes led AOL to dump Bebo for a reported $10m earlier in 2010.
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