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Bending Spoon Acquires AOL From Apollo After Raising $2.8 Billion
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Forbes
Photo by Burkard Meyendriesch on Unsplash
TL;DR
Bending Spoons, an app developer based in Milan, has acquired AOL from Apollo Global Management in a deal reported by Forbes. Financed with $2.8 billion in debt, this marks Bending Spoons' largest acquisition to date, with the company planning to utilize the borrowed funds for future purchases.
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Key takeaways
- Milan-based app developer Bending Spoons has acquired AOL from Apollo Global Management, as reported by Forbes
- The acquisition, financed through $2
- 8 billion in debt, represents Bending Spoons' largest transaction to date
Milan-based app developer Bending Spoons has acquired AOL from Apollo Global Management, as reported by Forbes. The acquisition, financed through $2.8 billion in debt, represents Bending Spoons' largest transaction to date. Forbes indicates that the company intends to leverage these funds for future acquisitions.
Related Topics
Bending SpoonAOLApolloacquisitiondebt financingmergers and acquisitionsventure capital
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