Bending Spoons to buy Miro in $1.36 billion cash deal
Bending Spoons to buy Miro in $1.36 billion cash deal Sept 10 (Reuters) - Bending Spoons BSP.O has agreed to buy Miro in an all-cash deal, valuing the digital collaboration platform at $1.36 billion, the companies said on Thursday.
The company has built a reputation for acquiring and restructuring digital businesses, pursuing a strategy that blends technology operations with a private equity-style acquisition model.
"Miro has grown to around $600 million in annual recurring revenue, nearly 90% from business and enterprise customers," Bending Spoons CEO and co-founder Luca Ferrari said.
Including Miro's net cash, the deal implies an equity value of about $1.79 billion.
The deal is expected to close in the fourth quarter of 2026.
In August, Bending Spoons acquired software platform Airtable for $1.29 billion.
The companies also said some Miro shareholders have agreed to invest $295 million of their proceeds into newly issued Bending Spoons equity.
Miro provides an online workspace to help teams brainstorm, design products, map workflows and manage projects.
(Reporting by Prathik Jayaprakash in Bengaluru; Editing by Joyjeet Das)
((Prathik.Jayaprakash@thomsonreuters.com; +91 9916364306))
Recent news on Bending Spoons SPA
See all newsBending Spoons soars after Berkshire boosts bet
US STOCKS-Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
US STOCKS-Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
US STOCKS-Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
US STOCKS-Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes