Bending Spoons to acquire AOL

Core Insights - Bending Spoons, a major mobile app developer in Europe, has agreed to acquire AOL from Yahoo for approximately $1.4 billion, backed by a $2.8 billion debt financing package [1][3][2] - The acquisition is expected to close by the end of the year, pending regulatory approvals and closing conditions [2] - Bending Spoons plans to invest significantly in AOL, which has around 8 million daily and 30 million monthly active users, indicating a strong customer retention [3] Company Overview - AOL is recognized as one of the top ten most-used email providers globally, with a loyal customer base [3] - The acquisition represents a new chapter for AOL, which has changed ownership multiple times, previously owned by Time Warner and Verizon Communications [4] - Bending Spoons has a history of acquiring American brands, including Vimeo, Evernote, and Meetup, indicating a strategic expansion into the U.S. market [5]