Bending Spoons Acquires AOL, Adopts 'Hold Forever' Strategy
Update: 2025-11-25
Description
Bending Spoons, an Italian company, has made headlines with a massive acquisition and funding round, quadrupling its valuation to eleven billion dollars. The companys strategy involves buying up older tech brands, like Evernote and Meetup, and revitalizing them through cost-cutting and price increases. This hold forever approach is gaining traction, as AI-powered startups make older software companies less relevant. Curious, another company following this model, aims to buy fifty to seventy-five stalled startups over the next five years, focusing on those with one to five million dollars in annual recurring revenue.
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