Life and Style Xochi and Michael Birch launched Bebo in 2005 and sold the company three years later to AOL for $850m

It could be the bargain of the century or a triumph of hope over experience. The British founder of Bebo, the social network which briefly soared in the noughties, has bought back the company he originally sold for $850 million for just $1 million.

Bebo hope in finding teenager's killer

Detectives investigating the murder of a teenager whose badly burned body was found in a field said today they hoped to set up a Bebo site to persuade young people to contact them with information.

Bebo's friends desert it

AOL may soon close the site it bought for $850m just two years ago

David Prosser: Bebo didn't learn lessons of history

Outlook Suddenly, the £145m that ITV lost on Friends Reunited – bought for £170m in 2005 and sold last month for £25m – does not look quite so embarrassing. AOL paid $850m (£560m) for Bebo in 2008. Now it wants out of the social networking business, it's difficult to see it getting even a tenth of that – or even who might want to buy it.

Bebo to be sold or shut down in 2011

AOL plans to find a buyer for its social networking site Bebo, for which it paid $850 million (£558 million) in 2008, or shut it down.

How We Met: Xochi Birch & Penny Rudge

'Xochi had very quick reflexes and plonked an ice bucket in front of our friend just in time'

Carnage in Shropshire as man slaughters his family

Town of Oswestry was scene of another double murder-suicide in 2008

Business Diary: Bebo website founder splashes his cash

Michael Birch isn't short of a few quid, having flogged his social networking site Bebo to AOL for £850m last year. Still, you can't help admiring his generosity: at a benefit evening he hosted for Charity Water this week, Birch amazed guests by promising to personally match all their donations, up to a total of $1m.

Fire death father 'had sex with underage girl'

A convicted sex offender who killed himself and his family in a house fire was having sex with an underage girl in the month before the blaze, a court heard today.

The 10 golden rules of pet care

With Christmas just around the corner, many families may be getting an extra addition in the form of a cuddly kitten or bouncing puppy.

Bollywood podcast: Kareena Kapoor aka Bebo

Plenty to get our teeth into around Indian cinema recently, so just to recap... Tum Mile ("I Met You", Vishesh Films) is a romantic drama set against the backdrop of the Mumbai floods in the summer of 2005.

Inquiry call after teenagers' death leap

An MP called for an inquiry today after two teenage girls jumped from a bridge in an apparent suicide pact.

Teenager tells of Facebook abuse nightmare

The victim of a woman jailed for harassing her on the social networking website Facebook revealed today that the abuse "consumed her every waking moment".

There’s nothing social about posing with knives and axes

Can Bebo fight gang activity on its website by connecting young users with support groups? Ceiri O’Driscoll investigates

Bebo names Panier as global chief executive

AOL has promoted a former Google manager to resurrect the fortunes of its social network Bebo, more than a year after the last chief executive left.

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