Overview
- Bending Spoons signed a definitive agreement to acquire AOL from Yahoo, with closing targeted by year‑end pending customary approvals.
- The company completed a $2.8 billion debt package to fund the AOL purchase and future M&A, supported by banks including J.P. Morgan, Goldman Sachs, HSBC, BNP Paribas and UniCredit.
- A separate $710 million transaction combined $270 million in new capital with about $440 million in secondary sales to investors such as T. Rowe Price, Durable Capital, Baillie Gifford, Cox and Fidelity.
- The latest raise implies an $11 billion valuation for the Milan-based firm, with market reports citing estimates as high as $12 billion.
- CEO Luca Ferrari said AOL ranks among the ten most-used email providers, citing roughly 8 million daily active users and 30 million monthly, while some reports peg Bending Spoons’ 2025 debt near $4 billion.