Bending Spoons to Buy Miro in $1.36 Billion Cash Deal
Certain Miro shareholders will reinvest $295 million as Bending Spoons buys the collaboration software company for $1.36 billion in cash.
- On Thursday, Bending Spoons agreed to acquire Miro in an all-cash deal valued at $1.36 billion, marking the Italian company's second billion-dollar acquisition following its $1.29 billion purchase of Airtable last month.
- The deal represents a 92% valuation decline from Miro's $17.5 billion peak in late 2021, reflecting how SaaS multiples have unwound since the pandemic when the platform's paying customer base expanded by 550%.
- Today, Miro generates approximately $600 million in annual recurring revenue and serves 100 million total users, functioning as an "AI innovation workspace" that integrates with GitHub, Jira, and Slack.
- Bending Spoons continues targeting profitable software companies; Miro holds about $435 million in net cash and remains profitable, fitting the firm's strategy of acquiring once-sought-after platforms at steep discounts.
- Investors agreed to sell despite Miro not needing cash, raising questions about market confidence in whether former high-growth SaaS companies can secure viable public exits or comparable alternatives.
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Bending Spoons acquires Miro for $1.36 billion in all-cash deal as tech buying spree accelerates - Tech Startups
Bending Spoons is buying Miro in a $1.36 billion all-cash deal, adding one of the best-known workplace collaboration platforms to a growing collection of internet and software brands that already includes Airtable, Vimeo, Evernote, Eventbrite, AOL, Brightcove, and WeTransfer. The […] The post Bending Spoons acquires Miro for $1.36 billion in all-cash deal as tech buying spree accelerates first appeared on Tech Startups.
Bending Spoons to buy Miro in $1.36 billion cash deal
Sept 10 : Bending Spoons 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 p
Bending Spoons enters definitive agreement to acquire AI innovation workspace Miro for €1.7 billion
Bending Spoons has entered into a definitive agreement to acquire AI innovation workspace Miro at an enterprise value of €1.7 billion ($1.4 billion) with an all-cash transaction. The acquisition, including the investment, is subject to customary closing conditions and approvals, including regulatory approvals. Under the terms of the agreement, which was unanimously approved by the […]
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