Business & Finance
Bending Spoons agrees to acquire Miro in $1.355 billion deal
The all-cash purchase implies an equity valuation of $1.79 billion, far below Miro's 2021 peak.
The short version
- Bending Spoons signed a definitive agreement to purchase workplace collaboration company Miro at an enterprise valuation of $1.355 billion.[Hacker News]
- The all-cash transaction reflects an implied equity value of roughly $1.79 billion, compared to Miro's $17.5 billion valuation in late 2021.[Hacker News · TechCrunch]
- Select Miro shareholders agreed to reinvest $295 million from their sale proceeds into newly issued Bending Spoons stock.[Hacker News]
- The acquisition is slated to close in the fourth quarter of 2026, pending standard closing conditions and regulatory clearance.[Hacker News]
Key facts
- Bending Spoons entered into a definitive agreement to acquire Miro at an enterprise value of $1.355 billion.[Hacker News]
- The transaction implies an equity value of approximately $1.79 billion in an all-cash deal structure.[Hacker News]
- Miro reached approximately $600 million in annual recurring revenue, with almost 90% generated by business and enterprise clients.[Hacker News]
- Miro was previously valued at $17.5 billion in late 2021.[TechCrunch]
- Certain Miro shareholders will direct $295 million of their transaction proceeds into newly issued Bending Spoons equity.[Hacker News]
What remains uncertain
- Whether regulatory authorities will grant necessary approvals or impose conditions prior to the planned closing in the fourth quarter of 2026.[Hacker News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.