Bending Spoons Expands Digital Workspace Holdings with $1.36 Billion Miro Deal

2026-09-10 companies

Milan, Thursday, 10 September 2026.
Bending Spoons has agreed to acquire workspace platform Miro for $1.36 billion in cash. Generating $600 million annually, Miro joins Bending Spoons’ portfolio following its recent Airtable acquisition.

Deal Structure and Valuation

Bending Spoons S.p.A. (NASDAQ: BSP) has entered into a definitive agreement to acquire Miro in an all-cash transaction valued at an enterprise value of $1.355 billion [1][3]. The deal implies an equity value of approximately $1.79 billion when including Miro’s net cash position [2][5]. This valuation highlights the premium placed on Miro’s established position in the collaborative workspace market, with the equity value exceeding the enterprise value by 0.435 billion due to cash reserves [1][3]. Certain Miro shareholders have committed to reinvesting $295 million of their proceeds into newly issued Bending Spoons equity, aligning interests for the combined entity [2][4].

Miro’s Financial Performance

Miro currently generates approximately $600 million in annual recurring revenue (ARR), with nearly 90% derived from business and enterprise customers [2][7]. The platform serves nearly 4 million paying users across every industry and region, supported by a total user base exceeding 100 million [3][6]. More than 750 customers contribute over $100,000 in ARR each, demonstrating strong retention among high-value enterprise clients [4][8].

Strategic Context and Market Position

This acquisition follows Bending Spoons’ completion of its $1.285 billion acquisition of Airtable on 2 September 2026 [4][7]. Bending Spoons completed its Nasdaq IPO on 1 July 2026, raising $1.68 billion at $29 per share [7]. Shares have risen roughly 30% since the offering and were up 0.7% in pre-market trading on Thursday [7][8]. The company’s portfolio now includes Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo, and WeTransfer [2][5].

Sources

Tech Consolidation M&A Transactions