After Pocketing Over $500 Million in Bebo Sale, Founders Buy It Back - Jason Del Rey - Social - AllThingsD

Perhaps they'll merge it with Myspace

"The tech world let out one giant guffaw when AOL coughed up $850 million for the social network Bebo back in 2008. Five years later, could Bebo’s husband-and-wife co-founders Michael and Xochi Birch, who pocketed more than $500 million from its sale, prove everyone wrong?
We’ll be able to find out at some point soon; the Birches today agreed to pay a bit over $1 million in an auction to re-purchase Bebo.com."

After Pocketing Over $500 Million in Bebo Sale, Founders Buy It Back - Jason Del Rey - Social - AllThingsD