Why venture capital “zombies” are being snatched up by investors with a “hold forever” strategy
The Italian firm Bending Spoons remained largely unnoticed — that is, until recently. Over a two-day period, the company declared its purchase of AOL and a substantial $270 million funding round, which took its valuation to $11 billion, a fourfold increase from the $2.55 billion figure established in early 2024. Bending Spoons has seen rapid…
