Criterion Capital Partners
Criterion Capital Partners LLC.
Private
Industry Internet
Headquarters San Francisco, California, U.S.
Area served
United States
Canada
United Kingdom
Key people

Christopher Lord
(co-founder)
David Riley
(co-founder)
Matt Perona
(director of finance)
Jeffrey Pisani
(director of operations)
Sara Parr
(director of investor relations)
Adam Levin (Bebo)
(CEO)

[1]
N/A
Number of employees
3 (2010)
Website criterioncp.com

Criterion Capital Partners LLC, also known as simply Criterion, is a private equity fund based in Los Angeles. It is best known for being the owner of Bebo, from 2010-2013.

History

Bebo

Criterion acquired social networking service Bebo in 2010. Bebo was previously owned by AOL, who originally purchased the service for $850,000 in 2008.[2] The acquisition had failed as Bebo's business was declining. AOL sold the company for less than $10 million to Criterion. [3][4][5] 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 a Voluntary Chapter 11 Bankruptcy Petition.[6][7]

References



  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Criterion_Capital_Partners
 



 

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