Bending Spoons Acquires AOL – What It Means
- Bending spoons is set to acquire AOL, with the deal expected to close by the end of 2024, according to a company press release.
- Examples of this trend include layoffs following the acquisition of Filmic as detailed by The Verge, limitations to Evernote's free plan according to the Verge, and price increases...
- Despite speculation about potential future acquisitions, ferrari emphasized that Bending Spoons has "never sold an acquired business" and intends to support AOL's "large, loyal customer base for many...
Bending Spoons to Acquire AOL
Acquisition and Past Trends
Bending spoons is set to acquire AOL, with the deal expected to close by the end of 2024, according to a company press release. CEO Luca Ferrari stated that Bending Spoons intends to “invest significantly to help the product and business flourish.” This acquisition follows a pattern of recent acquisitions by Bending Spoons, some of which have been followed by layoffs and price increases for customers, as reported by The Verge.
Examples of this trend include layoffs following the acquisition of Filmic as detailed by The Verge, limitations to Evernote’s free plan according to the Verge, and price increases for Tapeacall as reported by The Verge. Additionally, layoffs impacted WeTransfer as noted by The Verge.
Commitment to AOL’s Future
Despite speculation about potential future acquisitions, ferrari emphasized that Bending Spoons has “never sold an acquired business” and intends to support AOL’s “large, loyal customer base for many years to come,” as stated in the press release. This commitment aims to reassure AOL users about the continuity of the service under new ownership.