- Bending Spoons broadcasts deal to purchase AOL for $1.5bn
- Iconic Web supplier had been a part of Yahoo
- Newest entry to the Bending Spoons steady – however what’s going to it do with AOL?
For many people, AOL is a relic of the golden age of the Web, nevertheless it seems the corporate continues to be alive and thriving – and continues to be a sexy proposition for funding.
Italian software program firm Bending Spoons has revealed AOL would be the subsequent huge addition to its portfolio, at the price of round $1.5 billion.
AOL does nonetheless supply an online portal and an electronic mail service for customers, and just lately hit the headlines for shutting down its dial-up web providing in August 2025.
AOL + Bending Spoons
Bending Spoons has snapped up a collection of well-known software program names in recent times, together with the likes of WeTransfer, Evernote and Vimeo, and says it has no plans to close down AOL or spin off its instruments.
The corporate claims AOL continues to be one of many high ten most-used electronic mail suppliers on this planet right now, with "a extremely retained buyer base counting round 8 million day by day and 30 million month-to-month energetic customers".
“AOL is an iconic, beloved enterprise that’s in good well being, has stood the take a look at of time, and we consider has unexpressed potential,” stated Bending Spoons CEO and co-founder, Luca Ferrari.
"We intend to take a position considerably to assist the product and the enterprise flourish. Bending Spoons has by no means offered an acquired enterprise—we’re assured we’re the suitable long-term steward for AOL, and sit up for serving its giant, loyal buyer base for a few years to return.”
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Bending Spoons additionally introduced the profitable completion of a $2.8 billion debt financing bundle to fund the acquisition, in addition to doable future offers.
One of the crucial iconic names of the early Web, AOL unfold throughout tens of millions of US properties, merging with Time Warner in 2001 earlier than later being spun off and offered to Verizon for $4.4 billion in 2015.
From there, Verizon merged AOL and Yahoo into a brand new firm, referred to as Oath, which was then offered to personal fairness agency Apollo International Administration for round $5 billion in 2021.
“AOL and Yahoo share a substantial amount of historical past, and our new group has loved the chance to return AOL to development,” stated Jim Lanzone, CEO of Yahoo, Inc. “This transaction will enable us to focus extra deeply on the aggressive roadmaps we now have deliberate for Yahoo’s core merchandise transferring ahead, whereas guaranteeing AOL continues to thrive underneath new possession.”
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