Reported about 21 hours ago
Bending Spoons, a leading European mobile app developer, announced its plan to acquire AOL from Yahoo, facilitated by a $2.8 billion debt financing package. The acquisition is expected to close by the end of the year, pending regulatory approvals. Bending Spoons CEO Luca Ferrari expressed confidence in AOL's potential for growth, highlighting its status as a top email provider with around 8 million daily and 30 million monthly active users. This marks Bending Spoons' continued expansion into American brands following previous acquisitions of companies like Vimeo and Evernote.
Source: YAHOO