Internet Pioneer AOL to Be Acquired by Italian Tech Company Bending Spoons
Bending Spoons secured $2.8 billion in debt financing for AOL and other investments
Technology company Bending Spoons is buying AOL from private-equity firm Apollo Global Management, the latest in a string of ownership changes for the internet pioneer.
?Bending Spoons, which is based in Italy and also owns note-organizing app Evernote and photo-sharing app Remini, recently secured $2.8 billion in debt financing to help fund the deal and for other investments.