In a surprising transatlantic deal, Milan-based Bending Spoons acquires iconic internet pioneer AOL. The Italian startup continues its aggressive acquisition strategy, betting that aging digital brands still hold untapped value.
BBVA’s ambitious hostile takeover bid for smaller competitor Sabadell has officially failed after the banking giant could not secure the minimum required shareholder acceptance. The unsuccessful tender offer marks the conclusion of one of Spain’s most contentious banking sector battles in recent years. According to reports, the bid fell significantly short of the necessary threshold despite BBVA having flexibility in acceptance requirements.
Spain’s second-largest banking institution, Banco Bilbao Vizcaya Argentaria (BBVA), has seen its hostile takeover attempt of smaller rival Banco Sabadell collapse after failing to secure sufficient shareholder support, according to reports from Reuters. Sources indicate the banking giant’s public tender offer earlier this month fell far short of the minimum acceptance condition required for the deal to proceed.
