Italy's Bending Spoons to acquire Eventbrite for $500 million
02/12/2025 13:56
MILAN, Dec 2 (Reuters) - Italian tech company Bending Spoons will buy ticketing service provider Eventbrite EB.N for about $500 million, the companies said in a joint statement on Tuesday. DETAILS OF THE DEAL Eventbrite shareholders will receive $4.50 per share, an 82% premium to the company’s 60-day volume-weighted average price as of Dec. 1. The transaction, unanimously approved by Eventbrite’s board, is expected to close in the first half of 2026, subject to regulatory and shareholder approvals. Eventbrite will become a privately held company after the deal closes. KEY CONTEXT Milan-based Bending Spoons has grown by buying and revamping storied digital firms such as file-sharing service WeTransfer and note-taking tool Evernote. Earlier this year it agreed to buy video-streaming platform Vimeo and web portal AOL. It was valued at $11 billion in a funding round in October. (Reporting by Elvira Pollina Editing by Keith Weir) ((elvira.pollina@thomsonreuters.com))
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Italy's Bending Spoons to acquire Eventbrite for $500 million
Brief: Eventbrite Enters Into Definitive Agreement To Be Acquired By Bending Spoons For Roughly $500 mln