AOL to be sold to Bending Spoons for roughly $1.5B
AOL logo. Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty ImagesApollo Global Management has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios has learned. Why it matters: AOL still drives hundreds of millions of dollars of free cash flow. Zoom in: Bending Spoons CEO Luca Ferrari said AOL has around 30 million monthly active users across its email and web content properties. That "incredibly loyal user base," as he call...
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