Bending Spoon's four cofounders have become billionaires after a takeover of AOL and other deals landed the Milan startup with a $11 billion valuation.

Milan's Bending Spoons has bought AOL and raised $2.8 billion to finance its biggest takeover to date, and future deals.

Bending Spoon's four cofounders have become billionaires after a takeover of AOL and other deals landed the Milan startup with a $11 billion valuation.