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Conversation: What is Bending Spoons? Everything to know about AOL’s acquirer Crunch

A: Hey there! Did you hear about Bending Spoons?
B: No, what's up with them?

A: They just made some big news! Their four co-founders are now billionaires!
B: Woah, that's amazing! How did they manage to do it?

A: Well, they got a whopping $270 million from investors in their latest funding round. Plus, there was this $440 million secondary share sale by existing shareholders. But it's not clear if the co-founders sold any shares.
B: That sounds like a lot of money! So, what did they do with it?

A: They usually buy underperforming but popular tech brands and transform them to serve more people efficiently. Lately, they even bought AOL for an undisclosed amount.
B: Oh, I know AOL! But isn't Bending Spoons a private equity firm or something?

A: Not exactly. They aim to hold onto the companies they acquire forever, and they've never sold one before. It's more like they're building a living portfolio rather than collecting old tech or presiding over a graveyard.
B: I see! So, they're making changes to these brands, right? And some people might not be happy about it?

A: Yeah, sometimes they make controversial changes to products or lay off staff. But they've served more than a billion people, with over 300 million monthly active users and 10 million paying customers!
B: Wow, that's impressive! They must have some big plans for the future then?

A: Definitely! They just announced their intention to acquire Vimeo and AOL. If everything goes as planned, these deals will close by the end of this year.
B: That's huge news! It'll be interesting to see what they do with those brands. By the way, how are they funding all these acquisitions?

A: Well, they raised some equity financing several times in the past and recently received new funding too. They also have some famous investors like tennis star Andre Agassi and Bradley Cooper! This new funding will support future acquisitions and tech development.
B: That's exciting! I can't wait to see what happens next with Bending Spoons!
Summary
Bending Spoons co-founders recently became billionaires, primarily due to a $270 million investment and a $440 million secondary share sale. They specialize in acquiring underperforming tech brands, transforming them, and maintaining ownership forever. Their portfolio includes AOL, with plans to
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2025/11/02 12:52 Anonymous 344 163s 126
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ID: 3d969a0a-40fa-4669-811a-c4bfbbfa7576

Category ID: conversation_summary

URL: https://techcrunch.com/2025/10/31/what-is-bending-spoons-everything-to-know-about-aols-acquirer/#conversation

Date: Nov. 2, 2025

Notes: 2025-11-02

Created: 2025/11/02 12:42

Updated: 2025/12/07 22:55

Last Read: 2025/11/02 12:52

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