These days AOL seems to put all its focus on spinning off from Time Warner Inc. Though these guys are reviewing their assets to divest or sell, it’s quite evident that they will keep their social networking site Bebo, as company’s CEO Tim Armstrong has confirmed.
AOL boss Tim Armstrong has told Reuters that their social networking site is still highly valuable for them, and they are looking ahead for further improvement in it. The social networking site is going to move to AOL’s Ventures unit for further development, and this very moved has caused some speculation about the selling of the site which is lagging behind in popularity from some other social networking sites like twitter and Facebook.
According to Armstrong, some other assets of the company are being reviewed for possible sale, but he didn’t give specifics of these assets.
Tim Armstrong has also been serving as Google Inc executive in the past, and in March this year he was appointed to review AOL operations. He is going to present his strategy this month.
Source: news.yahoo
Tags: aol, aol reviewing assets, bebo, facebook, time warner inc, twitter
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