Anyone Heard of Bebo? Anyone?

AOL, which is slowly going the way of the Dodo, is dumping some assets as it is being meticulously hacked away from Time Warner.

One little gem that AOL is hanging onto, however, is Bebo, its social networking site. WHAT? You've never heard of it either? So the honor by Business Week as "the worst of the worst" for mergers & acquisitions is pretty much right on the money.

"[CEO Tim] Armstrong told Reuters on Thursday that Bebo still has "great value" and that it will be moved to a Ventures unit of the online company so that work can be done to improve the site."

Sorry, did you say the venture unit of FAIL? Just wondering.

AOL reviewing assets, but will likely keep Bebo [Reuters] Sphere: Related Content