![]() | The topic of this article may not meet Wikipedia's
notability guidelines for companies and organizations. (February 2015) |
![]() | |
Company type | Private |
---|---|
Industry | Internet |
Founded | 2002 |
Defunct | 2018 |
Headquarters | , |
Area served |
United States Canada United Kingdom |
Key people | Christopher Lord (co-founder) David Riley |
N/A | |
Number of employees | 3 (2010) |
Website | criterioncp.com |
Criterion Capital Partners LLC, also known as simply Criterion, was a private equity fund based in Los Angeles, California. [2] It was best known for being the owner of Bebo, from 2010 to 2013.
Christopher Lord co-founded the company in 2002. [3] [4] Criterion acquired social networking service Bebo in 2010. Bebo was previously owned by AOL, who originally purchased the service for $850 million in 2008. [5] The acquisition had failed as Bebo's business was declining. AOL sold the company for less than $10 million to Criterion. [6] [7] Following the acquisition, Bebo's business did not improve. In April 2012, the minority shareholders filed a $5 million suit against Criterion for “destroying the site". Then in May, TechCrunch reported that Bebo filed for voluntary Chapter 11 bankruptcy. [8] [9]
In 2018, the Wall Street Journal reported that the company was shutting down. [10]
![]() | The topic of this article may not meet Wikipedia's
notability guidelines for companies and organizations. (February 2015) |
![]() | |
Company type | Private |
---|---|
Industry | Internet |
Founded | 2002 |
Defunct | 2018 |
Headquarters | , |
Area served |
United States Canada United Kingdom |
Key people | Christopher Lord (co-founder) David Riley |
N/A | |
Number of employees | 3 (2010) |
Website | criterioncp.com |
Criterion Capital Partners LLC, also known as simply Criterion, was a private equity fund based in Los Angeles, California. [2] It was best known for being the owner of Bebo, from 2010 to 2013.
Christopher Lord co-founded the company in 2002. [3] [4] Criterion acquired social networking service Bebo in 2010. Bebo was previously owned by AOL, who originally purchased the service for $850 million in 2008. [5] The acquisition had failed as Bebo's business was declining. AOL sold the company for less than $10 million to Criterion. [6] [7] Following the acquisition, Bebo's business did not improve. In April 2012, the minority shareholders filed a $5 million suit against Criterion for “destroying the site". Then in May, TechCrunch reported that Bebo filed for voluntary Chapter 11 bankruptcy. [8] [9]
In 2018, the Wall Street Journal reported that the company was shutting down. [10]