the serial acquirer Market Observatory · 2026-Q3

Deals › Bending Spoons S.p.A. › AOL (AOL Holdco I LLC)

Bending Spoons acquired AOL (AOL Holdco I LLC) 2026

560.5 EUR m of annual revenue, bought in 2026. What was paid, per unit of that revenue — and where the figure comes from.

Bending Spoons S.p.A. paid 2.30x the annual revenue of AOL (AOL Holdco I LLC) in 2026: 560.5 EUR m of revenue, basis measured. The revenue was reported in USD and is converted to euro at the ECB annual reference rate; the multiple itself is not converted. The figure is read from the buyer’s filed account; the source is at the foot of this page.

Guess firstSame rules as the game on the front page: log scale, 100 points for the exact figure.
Annual revenue
560.5 EUR m
Acquired
2026
Buyer’s deals that year
3
Sector
not disclosed
3.00x
0.50x15x
BuyerAcquired companyRevenue, EUR mYearPrice paidBasis
Bending Spoons S.p.A.AOL (AOL Holdco I LLC) US560.520262.30xmeasured
Basis — measured: consideration and revenue both stated in the acquisition note — nothing computed but the division. Revenue converted from USD to euro at the ECB annual reference rate; the multiple is a ratio within one currency and is not converted.

Where this price sits

Among the 28 single-company prices in the register, 2.30x sits at the 44th percentile — below the register median of 3.14x. Bending Spoons’s own 5 disclosed prices run from 1.08x–3.26x with a median of 2.10x; this one is above its median. The buyer made 3 acquisitions that year, of which this is one of the 2 with a usable price.

What this does not support

Source

Read from the buyer’s filed account: https://www.sec.gov/Archives/edgar/data/2004711/000110465926079884/tm2613674-14_424b4.htm. Nothing is modelled or estimated — method and limits.

Related

All of Bending Spoons’s acquisitions on file · Eventbrite (2026, 1.73x) · Vimeo (2025, 3.26x) · Hawk Infinity · Digiflow AS (2.27x) · every deal on file

The rest of the register

Guess what serial acquirers paid →What European software serial acquirers actually pay, from filed accounts. Guess the price, then see the source.
What was paid, per unit of revenue →Every disclosed acquisition price in the register, one row per observation, coloured by how well it is evidenced.
The acquirers, one by one →Every tracked buyer with its prices, capital deployed, debt and what its capital costs.
Every deal on file →One page per disclosed acquisition, with the filed source and where its price sits in the register.
How much they deploy →How much capital each European software serial acquirer actually puts to work, and across how many acquisitions.
What they owe, and what it costs →Net debt against revenue, the interest each buyer actually pays, and every credit facility on file with its terms.
What their own capital costs →An estimate of what each buyer pays for capital, set against the 20-30% return they demand of the companies they buy.
Method, limits and imprint →How every figure in this register is sourced, what the sample does not support, and the legal notices.

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Figures as at 2026-09-08. Every number on this page comes from a filed account or a company’s own published report — how, and what it does not support.