US EditionExclusive-Yahoo nears deal to sell AOL to Italy's Bending Spoons for $1.4 billion, sources say
Bending Spoons aims to expand its portfolio by acquiring AOL for $1.4 billion, adding a growing user base and diverse revenue streams, sources said.
- Last month, Yahoo entered advanced talks to sell AOL to Milan-based Bending Spoons for about $1.4 billion, with Apollo Global Management backing the deal.
- Recently, the Milan-based technology firm Bending Spoons pursues buying struggling tech companies and last month agreed to buy Vimeo for $1.38 billion.
- AOL's site traffic grew by 90 per cent recently among users aged 25–54, driven by new content categories, and generates revenue from advertising and subscriptions like LifeLock, LastPass, and McAfee.
- Sources cautioned that no final agreement is signed and talks could still fall apart, while Yahoo is owned by Apollo Global Management, which bought a 90 per cent stake in 2021 for $5 billion.
- Bending Spoons' $2.55 billion valuation from February 2024 funding round and bankers viewing it as an IPO candidate in the U.S. signal strong growth beyond AOL-Time Warner 2000 merger legacy.
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Yahoo Nears $1.4 Billion Sale of AOL
In a significant move signaling a shift in the digital landscape, Yahoo is in advanced discussions to sell its legacy media brand AOL to Italian technology company Bending Spoons for approximately $1.4 billion according to a report from Reuters. The deal, which is not yet finalized and could still collapse, marks a pivotal moment for […] The post Yahoo Nears $1.4 Billion Sale of AOL appeared first on Cord Cutters News.
Yahoo nears deal to sell AOL to Italy's Bending Spoons
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about $1.4 billion, four sources familiar with the matter said, as the Apollo Global Management-backed firm sheds one of the most recognisable names of the early internet era.
Corriere Della Sera
MSNThe Milanese company of 300 million monthly users who develops apps ready for yet another acquisition after WeTransfer and Vimeo
Yahoo nears deal to sell AOL to Italy's Bending Spoons for $1.4 billion
Yahoo is close to selling AOL to Italy’s Bending Spoons for around $1.4 billion, say insiders. The Milan tech firm may soon own the once-iconic internet brand. Talks are ongoing, and nothing is final yet. The sale would mark another move by Apollo, which bought Yahoo from Verizon in 2021.
Exclusive-Yahoo nears deal to sell AOL to Italy's Bending Spoons for $1.4 billion, sources say
New York :Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about $1.4 billion, four sources familiar with the matter said, as the Apollo Global Management-backed firm sheds one of the most recognizable names of the early internet era.The Milan-based app developer is in a
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