The purchase and the math
Bending Spoons has a deal to acquire Miro for cash, putting a $1.36 billion price on the operating business. Factor in Miro's net cash and the equity tag rises to roughly $1.79 billion. Some Miro shareholders plan to roll $295 million of their proceeds into newly created Bending Spoons shares. The companies aim to close in the fourth quarter, pending regulatory approvals.
Where this fits in Bending Spoons' playbook
The Milan-based tech group tends to scoop up software names that have cooled, pay a cut-rate price, trim expenses, then lift list prices. It has bought brands such as AOL and Vimeo, and those price bumps have rubbed some long-time users the wrong way. Miro slots into that strategy with scale: around $600 million in ARR and nearly 4 million paying customers, with almost 90% of revenue tied to business and enterprise clients.
Recent moves and related assets
Bending Spoons went public in the US in July, raising $1.68 billion. It also finalized its purchase of Airtable last week after unveiling a $2.25 billion offer the month before, a level below Airtable's pandemic-era peaks. Airtable's tools let non-technical employees create customized apps, a capability that a number of AI firms have embraced in recent years.
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What it may mean for your portfolio
If the deal clears on schedule, Bending Spoons adds another large subscription engine while sticking to a formula of cost cuts and higher prices. For people who use these tools at work, roll-up strategies like this can influence what you pay and how fast products evolve, which is worth keeping in mind the next time a renewal lands in your inbox.
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