Reported about 15 hours ago
Italian tech company Bending Spoons announced its acquisition of AOL from Yahoo, backed by Apollo Global Management, and secured a $2.8 billion debt financing to support the deal and future growth initiatives. This acquisition marks a new chapter for AOL, known for its email services, amidst Bending Spoons' strategy to revitalize struggling tech firms. The company, which has over 300 million monthly users, recently made other acquisitions, including Vimeo and WeTransfer, and is positioning itself for a potential IPO.
Source: YAHOO