Bebo, the social network which was once a credible competitor to Facebook, is now owned by Twitch, which is owned by Amazon. Twitch has acquired Bebo for building Twitch’s e-sports business, more specifically Twitch Rivals.
While Twitch confirmed the acquisition that included around ten employees and intellectual property, it had however declined to comment any further.
It was revealed that the company was bought out for a price of less than US$25 million earlier this month. It was also revealed that Discord was one of the bidders for acquiring Bebo.
Full Content: Reclaim The Net
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