The Amazon Twitch video game site buys & # 39; abandoned & # 39; social network Bebo for $ 25 million in the last attempt to restore it to its former glory
- Bebo was once the most visited social media website in the UK after its launch in 2005
- It was sold to AOL in 2008 for $ 850 million, but rivals such as Facebook persuaded them
- Re-launched as a live stream and game tournament site, which Twitch has purchased
- Twitch now works with Bebo on Twitch Rivals, eSports tournament section
The live stream site of Amazon Twitch has purchased the once popular social media website Bebo.
Twitch, which had 15 million daily active users in May 2018, focuses on live streaming of video games including eSports.
Launched in 2005, Bebo even raided MySpace in the UK as the most visited social media website at its peak before it was sold to AOL in 2008 for $ 850 million.
With the rise of rivals Facebook and Twitter, Bebo fell out of favor and closed in 2010.
After the company was declared bankrupt in 2013, it was resold by its original founders Michael and Xochi Birch for just $ 1 million.
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Amazon & # 39; s live streaming site Twitch, photo, has purchased the once popular social media website Bebo
Launched in 2005, Bebo raided MySpace in the UK as the most visited social media website at its peak, pictured, before being sold to AOL in 2008 for $ 850 million
WHAT IS TWITCH?
Twitch is a live streaming website that specializes in video game content.
Launched in June 2011 as a spin-off from the Justin.tv website, the website quickly gained popularity and reached 45 million unique viewers in October 2013.
In August 2014, Amazon was acquired by Amazon for $ 970 million (£ 764 million) and remains the largest video game live stream service in the US, with 15 million active daily users from May 2018.
They then launched Bebo Blab, which stopped after just two years.
The website was running again, with live streams and tournaments for players on games such as Fortnite.
Shaan Puri, Bebo & # 39; s CEO, explained their decision to focus on tournaments in an announcement last year.
He wrote: & # 39; We spent thousands of hours building our streaming tool and became friends with so many streamers during events such as PAX & twitchcon. At the same time, tournaments grow much faster and we see a lot of potential in building a platform for tournaments.
& # 39; So after much consideration, we decided to go all-in at tournaments. & # 39;
Mr Puri is now senior director of eSports at Bebo.
Twitch bought Bebo for $ 25 million, and beat bids from Facebook and Discord reports TechCrunch.
Bebo and Twitch are believed to collaborate on Twitch Rivals, a series of tournaments for streamers.
Twitch Rivals currently has tournaments for players who play games such as Rainbow Six Siege and Apex Legends.
Certain streamers on the platform have made millions, such as Tyler Blevins, who uses the Ninja handle, which reportedly earned $ 10 million (£ 7.9 million) in 2018.
The Bebo website is currently offline and all messages on its social media accounts on Facebook and Twitter have been deleted.
After the company was declared bankrupt in 2013, Bebo was recovered by his original founders Michael and Xochi Birch, pictured together, for just $ 1 million. They turned to a live streaming and tournament platform
Bebo and Twitch are believed to collaborate on Twitch Rivals, a series of tournaments for streamers
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