Bending Spoons to Acquire AOL, Secures $2.8 Billion in Financing
Photo by Burkard Meyendriesch on Unsplash
Bending Spoons, an Italian tech company, is set to acquire AOL from Yahoo, which is owned by Apollo Global Management. The acquisition is backed by $2.8 billion in debt financing secured by Bending Spoons. Italian technology firm Bending Spoons will acquire AOL from Yahoo, which is backed by Apollo Global Management, according to a Reuters report. Bending Spoons has also secured $2.8 billion in debt financing to support the acquisition. Additional details regarding the transaction and financing arrangements were not immediately disclosed.
Key takeaways
- Italian technology firm Bending Spoons will acquire AOL from Yahoo, which is backed by Apollo Global Management, according to a Reuters report
- Bending Spoons has also secured $2
- 8 billion in debt financing to support the acquisition
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