-
Italian Tech Turnaround Firm Bending Spoons Debuts on Nasdaq at $18B Valuation, Surging 40%
Bending Spoons, a Milan-based investment company, launched its initial public offering on Nasdaq and saw shares climb 40% on its first day of trading, closing at $40.50. The $18B IPO represents a major milestone for a fi
-
Bending Spoons defies SaaS slump, surges 40% on first day of trading
The company has grown rapidly by acquiring and revamping last-generation tech brands like AOL, Eventbrite, Evernote, Meetup, and Vimeo.
-
AOL Returns To Wall Street Spotlight With IPO Of New Corporate Parent Bending Spoons
A quarter-century after it swallowed Time Warner in one of history’s splashiest and most ill-fated mergers, AOL returned to the Wall Street spotlight Wednesday with a new corporate parent, Bending Spoons. The Milan, Italy-based company had its initial public offering on the Nasdaq, with shares rising 40% to finish at $40.50. The IPO raised about…
-
Apple’s entry-level MacBook Pro could be up for a redesign
Apple is working on a “revamped” version of its entry-level MacBook Pro that it could launch as soon as the first half of 2027, Bloomberg reports. The company is also testing four new iPad Pros that are set to launch in the spring with a focus on “internal improvements.” The updated MacBook Pro, which will…
-
Krafton Settles Subnautica 2 Dispute, Agrees to Pay Developer Bonuses After Extended Legal Battle
Krafton and Unknown Worlds Entertainment have reached a settlement ending a protracted legal dispute that began when the Korean publisher terminated the studio’s CEO Ted Gill and cofounders Charlie Cleveland and Max McGu
-
After $18B IPO, Bending Spoons founder says success comes from minimizing luck
The co-founders of Bending Spoons, the Italian company quietly buying beloved, ailing Internet brands, learned big lessons from their own startup’s failure.
-
Xbox’s ‘reset’: all the news about Microsoft’s looming layoffs and studio closures
Xbox is making some big changes — again. On June 10th, a few months after Asha Sharma took over as CEO, she and newly-promoted chief content officer Matt Booty sent a memo to staff warning of an “Xbox reset.” The business, they said, is facing significant challenges, including a 3 percent “accountability margin,” massively higher…
-
Joe Wright To Direct Feature Take On Tim Winton’s Sci-Fi Thriller ‘Juice’ For Working Title, Abi Morgan Adapting
EXCLUSIVE: Two-time BAFTA-winning filmmaker Joe Wright is attached to direct the feature take on the Tim Winton post-apocalyptic thriller novel Juice for Working Title Films. The multi-Oscar-winning UK production company has optioned rights to Juice and set BAFTA and Emmy winner Abi Morgan (The Hour, Shame, The Iron Lady) to adapt. Juice is set in…
-
An Explosion Knocked Out Anduril’s Rocket Motor Test Site in Mississippi
The incident could disrupt a key part of the defense company’s rocket motor business, which designs and tests prototype motors for military customers.
-
Alamo Drafthouse Launches Distribution Program to Screen Unreleased Film Festival Movies in Theaters
Alamo Drafthouse is launching a distribution program that’s designed to showcase film festival releases that never scored distribution. Through Alamo Exclusives, the dine-in cinema will offer limited runs of titles that weren’t acquired from festivals including Sundance, SWSW, Tribeca, TIFF, Cannes, Berlin and its own genre-focused Fantastic Fest. The company’s hope is creating a platform…