Bending Spoons SpA is reportedly pursuing the acquisition of Typeform and Elysium, with offers of $255 million and $240 million, respectively. The Milan-based company is also in talks to buy AOL from Yahoo for $1.4 billion and is seeking a $2.5 billion loan package and a $250 million capital increase to support its acquisition spree.
Milan-based Bending Spoons SpA has extended its acquisition strategy by submitting offers for app developers Typeform and Elysium, according to Il Messaggero. The company has proposed a $255 million deal for Typeform, a tool designed to streamline customer data management, and is in talks to acquire Elysium for $240 million
Bending Spoons Looks to Buy Typeform, Elysium, Messaggero Says[1].
Bending Spoons' expansion plans are not limited to these acquisitions. The company is also pursuing a deal to buy AOL from Yahoo Inc. for $1.4 billion, according to Reuters
Yahoo in talks to sell AOL to Italy's Bending Spoons for $1.4 billion[2]. This acquisition would mark a significant milestone for Bending Spoons, which specializes in acquiring struggling digital brands and revamping them for modern users. The deal would provide access to AOL's large user base and portfolio of subscription services, including LifeLock identity protection, LastPass password management, and McAfee Multi Access malware protection.
To support its acquisition spree, Bending Spoons is seeking a $2.5 billion loan package and planning a $250 million capital increase. The company aims to complete the purchase of Vimeo by year-end in an all-cash deal valued at $1.38 billion, according to Bloomberg
Bending Spoons Looks to Buy Typeform, Elysium, Messaggero Says[1]. Bending Spoons has been on a buying spree, having also acquired video platform Vimeo and companies such as WeTransfer.
The company's latest funding round valued Bending Spoons at $2.55 billion, making it one of Italy's few unicorns. CEO Luca Ferrari has indicated that the firm is positioning itself for expansion beyond Europe, with bankers seeing Bending Spoons as a candidate for a U.S. IPO in the coming years
Yahoo in talks to sell AOL to Italy's Bending Spoons for $1.4 billion[2].
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