- Bending Spoons pronounces settlement to purchase AOL for $1.5 billion
- The iconic web supplier had been a part of Yahoo
- Last entry to the Bending Spoons group, however what’s going to it do with AOL?
For many people, AOL is a relic of the golden age of the Internet, but it surely seems that the corporate continues to be alive and thriving, and stays a lovely funding proposition.
The Italian software program firm Bending Spoons has revealed AOL would be the subsequent large addition to its portfolio, at a value of round $1.5 billion.
AOL nonetheless provides an internet portal and electronic mail service for customers, and not too long ago made headlines for closing its dial-up Internet providing in August 2025.
AOL + Bending Spoons
Bending Spoons has acquired quite a few well-known software program names lately, together with WeSwitch, Evernote and Vimeo, and says it has no plans to close down AOL or spin off its instruments.
The firm claims that AOL stays one of many prime ten most used electronic mail suppliers on the planet immediately, with “a extremely retained buyer base numbering round 8 million each day customers and 30 million month-to-month lively customers.”
“AOL is an iconic and beloved firm that’s wholesome, has stood the check of time, and we imagine has untold potential,” stated Bending Spoons CEO and co-founder Luca Ferrari.
“We intend to take a position considerably to assist the product and enterprise flourish. Bending Spoons has by no means offered an acquired enterprise; we’re assured we’re the best long-term steward for AOL and sit up for serving its giant and constant buyer base for a few years to return.”
Folding spoons too introduced the profitable completion of a $2.8 billion debt financing package deal to fund the acquisition, in addition to potential future offers.
One of essentially the most iconic names of the early Internet, AOL unfold throughout hundreds of thousands of American properties and merged with Time Warner in 2001 earlier than 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, known as Oath, which was then offered to non-public fairness agency Apollo Global Management for round $5 billion in 2021.
“AOL and Yahoo share an excellent historical past, and our new workforce has relished the chance to return AOL to progress,” stated Jim Lanzone, CEO of Yahoo, Inc. “This transaction will permit us to focus extra deeply on the aggressive roadmaps we now have deliberate for Yahoo’s core merchandise sooner or later, whereas guaranteeing AOL continues to thrive below the brand new possession.”
