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AOL To Be Sold To Bending Spoons For Roughly $1.5 Billion

12 hours 16 minutes ago
Hedge fund Apollo has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios reported Wednesday From the report: AOL still drives hundreds of millions of dollars of free cash flow. Bending Spoons CEO Luca Ferrari said AOL has around 30 million monthly active users across its email and web content properties. That "incredibly loyal user base," as he called it, could be better served with greater investments in AOL's product and user experience, he noted. [...] Bending Spoons is a privately held Italian holding company that acquires assets with large user bases and invests in their turnaround with technology improvements. The company tends to sit on their investments long term after acquiring them. Some of the other companies Bending Spoons has acquired include Vimeo, Evernote, WeTransfer, Brightcove.

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EY exposes 4TB+ SQL database to open internet for who knows how long

12 hours 36 minutes ago
The Big Four biz’s big fat fail exposed a boatload of secrets online

A Dutch cybersecurity outfit says its lead researcher recently stumbled upon a 4TB+ SQL Server backup file belonging to EY exposed to the web, effectively leaking the accounting and consulting megacorp's secrets.…

Connor Jones