Bending Spoons to Acquire AOL, Secures $2.8 Billion in Financing
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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.
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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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