How Bending Spoons Hit an $11 Billion Valuation in Just 48 Hours

Bending Spoons has completed one of the most dramatic 48-hour periods in recent European tech history after announcing an agreement to acquire AOL and revealing a $270 million funding round that has pushed its valuation from $2.55 billion to $11 billion.

What is ‘Bending Spoons’?

Bending Spoons is a Milan based technology company that has built its business by acquiring well known but often stagnating digital brands and turning them into profitable, streamlined operations. Founded in 2013, the company initially developed its own mobile apps before switching its focus to buying established products with large user bases and restructuring them in pursuit of long term profitability.