Bending Spoons to Acquire AOL for $1.5 Billion

Why It Matters

The acquisition gives Bending Spoons a large, loyal consumer base and a foothold in the email and portal market, potentially reviving a legacy brand and expanding its digital ecosystem. It also underscores ongoing consolidation of legacy internet assets by newer tech operators.

Deal Summary

Italian app developer Bending Spoons announced it will acquire internet icon AOL for approximately $1.5 billion, funding the deal with a newly secured $2.8 billion debt package. The acquisition adds AOL’s email and portal services to Bending Spoons’ growing portfolio of consumer software brands.