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Milan's bending spoons has bought aol and raised $2.8 billion to finance its biggest takeover to date, and future deals. In a statement, per the wall street journal, bending spoons described aol as an “important and beloved business with a brand that has stood the test of time.” Bending spoons, owner of apps like evernote and remini, secured a $2.8 billion debt‑financing package to fund the aol acquisition and other investments, the company announced wednesday (getty.
Bending spoons said it secured a $2.8 billion debt financing package to support the acquisition, as well as investments in research and development and future m&a activity. The company also owns brightcove, a video distribution and analytics platform, and recently announced plans to acquire video platform vimeo for $1.38 billion, techcrunch reports Bending spoons, an italian tech firm, is set to acquire aol from yahoo for $1.4 billion, securing a $2.8 billion financing package for future growth
This acquisition marks a significant move in.
Bending spoons, one of europe’s largest mobile app developers, announced on wednesday that it has agreed to buy aol from yahoo, which is backed by private equity giant apollo.
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