AOL will soon have a new owner. Bending Spoons, the Italian software company that has bought up a range of other digital businesses like Evernote, MeetUp, WeTransfer, and soon Vimeo, announced plans to purchase AOL from Yahoo after securing a $2.8 billion debt financing package.

Over the past couple of decades, AOL has been passed from company to company, merging with Time Warner in 2001 before getting spun off and sold to Verizon in 2015 for $4.4 billion. Verizon merged AOL and Yahoo into a new company, called Oath, which it offloaded to private equity firm Apollo Global Management for around $5 billion in 2021. AOL was placed under the Yahoo umbrella following the acquisition.

AOL still offers a web portal and email service, though it recently shut down dial-up internet service after m

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