Italy’s Bending Spoons to acquire AOL, secures $2.8 bln in debt financing
MILAN: Italian tech company Bending Spoons said on Wednesday it will acquire AOL from Yahoo, which is backed by Apollo Global Management, adding a storied internet brand to its growing portfolio of digital businesses.
Bending Spoons said it secured a $2.8 billion debt financing package to support the acquisition, as well as investments in research and development and future M&A activity.
