"one of the top-ten most-used email providers in the world."
"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."
Bending Spoons acquired AOL from Yahoo with funding from a $2.8 billion debt financing package that will also bankroll future acquisitions. The purchase price was not disclosed. CEO Luca Ferrari estimated AOL has 8 million daily and 30 million monthly active users, calling it one of the top-ten most-used email providers. Ferrari pledged significant investment to help the product and business flourish and emphasized long-term stewardship. Bending Spoons has an aggressive acquisition record, including WeTransfer and Evernote, and AOL carries a four-decade history of rise, peak and decline under multiple owners.
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