Bending Spoons to acquire AOL from Yahoo.

Bending Spoons, a technology company, agreed to acquire AOL, the web portal and email provider, from Yahoo, a media technology company. Financial terms were not disclosed. “AOL is an iconic, beloved business that’s in good health, has stood the test of time, and we believe has unexpressed potential. By our estimation, AOL is one of the top ten most-used email providers in the world, with a highly retained customer base counting around 8m daily and 30m monthly active users. We intend to invest significantly to help the product and the business flourish. Bending Spoons has never sold an acquired business—we’re confident we’re the right long-term steward for AOL, and look forward to serving its large, loyal customer base for many years to come,” Luca Ferrari, Bending Spoons CEO and co-founder.