Bending Spoons to Acquire Miro for $1.355 Billion in All-Cash Deal…

Event summary

Bending Spoons agrees to acquire Miro for $1.355 billion enterprise value, implying $1.79 billion equity value.
Miro shareholders to invest $295 million of proceeds into Bending Spoons equity.
Miro generates $600 million in annual recurring revenue, 90% from business and enterprise customers.
Transaction expected to close in Q4 2026, subject to regulatory approvals.
Bending Spoons recently acquired Airtable, marking its latest high-profile deal.

The big picture

Bending Spoons continues its aggressive acquisition strategy, targeting high-growth digital businesses like Miro to expand its portfolio of collaborative software tools. The deal underscores a broader industry trend of consolidation in the productivity and AI workspace sectors, as companies seek to integrate AI capabilities into their core offerings. With Miro's strong enterprise customer base and Bending Spoons' track record of operational transformations, the acquisition could reshape the competitive landscape for collaborative work platforms.

What we're watching

Integration Strategy: How Bending Spoons will merge Miro's operations with its existing portfolio, particularly following the recent Airtable acquisition.
Regulatory Approval: The pace at which regulatory approvals are secured, given the size and scope of the transaction.
Revenue Synergies: Whether Bending Spoons can leverage Miro's $600 million ARR to drive cross-portfolio growth.