News Summary

• AOL will be the latest in a growing line of tech properties that Bending Spoons has picked up over the last few years.
• The Italian company has another major acquisition pending, a $1.38 billion purchase of the streaming-video platform Vimeo announced in September.
• Many of the purchases have also been followed by large layoffs and, in some cases, the movement of development teams from the US to Europe.
• The CEO of Pragmatic Engineer defended his firm’s playbook for acquired companies: “We believe that on the other side of that painful transition, the company is much better positioned to kick ass for five or 10 years down the line”