Bending Spoons is buying AOL for some reason

Bending Spoons has made a flurry of acquisitions in recent years, a few of which were followed by layoffs and, in some cases, higher prices for customers. The company expects its acquisition of AOL to close by the end of this year, with CEO Luca Ferrari saying that Bending Spoons will “invest significantly to help the product and business flourish.”

Even though it’s hard not to think about which company will acquire AOL next, Ferrari says in the press release that Bending Spoons has “never sold an acquired business,” and will serve AOL’s “large, loyal customer base for many years to come.”