Bending Spoons, an Italian tech biz, is buying AOL from Yahoo, funded by a $2.8 billion debt financing package that will also bankroll future acquisitions.

The purchase price remains undisclosed . Bending Spoons (BS) CEO Luca Ferrari estimates AOL has 8 million daily and 30 million monthly active users, making it "one of the top-ten most-used email providers in the world."

Ferrari pledged to "invest significantly to help the product and the business flourish." AOL has had numerous different owners since 2001 but that stops now, BS claimed.

"We intend to invest significantly to help the product and the business flourish," he added, "Bending Spoons has never sold an acquired business—we're confident we're the right long-term steward for AOL, and look forward to serving its large, loyal cu

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