AOL is one of the earliest technology companies based in the United States, offering internet connectivity, in addition to owning a number of brands under its parent company, including Yahoo, in addition to publications such as Engadget and others. Most recently, it was reported that Yahoo is in talks to sell AOL for a value of up to $1.4 billion.
It is said that the buyer is Bending Spoons. For your information, recently Bending Spoons has been active in buying a number of once-prominent internet brands that are now increasingly forgotten or facing problems.
Among the brands under them are Vimeo, Evernote, WeTransfer and various other services, used by more than 300 million active users each month. With the acquisition of AOL, it will further expand the product offerings under them, in addition to increasing the number of users of the products under them.
At present, it is not known when this acquisition will be fully completed.