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- Bending Spoons pronounces deal to purchase AOL for $1.5bn
- Iconic Web supplier had been a part of Yahoo
- Newest entry to the Bending Spoons secure – however what’s going to it do with AOL?
For many people, AOL is a relic of the golden age of the Web, but it surely seems the corporate remains to be alive and thriving – and remains to be a gorgeous proposition for funding.
Italian software program firm Bending Spoons has revealed AOL would be the subsequent large addition to its portfolio, at the price of round $1.5 billion.
AOL does nonetheless supply an online portal and an e 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 sequence 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 remains to be one of many high ten most-used e mail suppliers on the earth at this time, with “a extremely retained buyer base counting round 8 million each day and 30 million month-to-month energetic customers”.
“AOL is an iconic, beloved enterprise that’s in good well being, has stood the check of time, and we imagine has unexpressed potential,” mentioned 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 appropriate long-term steward for AOL, and stay up for serving its massive, loyal buyer base for a few years to return.”
Bending Spoons additionally introduced the profitable completion of a $2.8 billion debt financing package deal to fund the acquisition, in addition to potential future offers.
Probably the most iconic names of the early Web, AOL unfold throughout thousands and thousands of US houses, 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 non-public fairness agency Apollo World Administration for round $5 billion in 2021.
“AOL and Yahoo share an excessive amount of historical past, and our new group has loved the chance to return AOL to progress,” mentioned Jim Lanzone, CEO of Yahoo, Inc. “This transaction will enable us to focus extra deeply on the aggressive roadmaps now we have deliberate for Yahoo’s core merchandise shifting ahead, whereas making certain AOL continues to thrive beneath new possession.”
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