Bebo founder Michael Birch is trying to transform a Devon village
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The tycoon has bought five properties in Woolsery

The multi-millionaire founder of the Bebo social networking site has said he pumped money into a North Devon village after seeing its "sad state".

In an exclusive interview with the BBC, California-based tycoon Michael Birch said he felt a "need" to transform Woolsery, where his ancestors have lived since 1700.

He has bought properties including the village pub, an old hotel and the fish and chip shop over the past two years.

Residents have welcomed his support.

  • 16 Aug 2016
  • From the section Devon