News Summary

• Bending Spoons describes itself as a company that acquires and transforms digital businesses.
• CEO Luca Ferrari’s stake in the Milan-based tech conglomerate is now reportedly worth $1.4 billion.
• Its focus is on acquiring underperforming but popular tech brands, then transforming them to serve millions of users more efficiently.
• The company tends to make news when it restructures these acquired companies, often through significant layoffs, or makes controversial changes to beloved products — or both in the case of Evernote and WeTransfer.