Bending Spoons to buy Miro for $1.36B, 92% below 2022 valuation

M&A · Partnership
โดย Yahoo Finance·ITUS·Read original
Summary · why it matters

Bending Spoons has agreed to acquire workplace collaboration company Miro for $1.36 billion in cash, an equity value of $1.79 billion, a 92% drop from the $17.5 billion valuation Miro received in late 2021. The Italian serial acquirer said Miro now generates about $600 million in annual recurring revenue, 90% of it from businesses and enterprises, holds roughly $435 million in net cash, and is profitable. Miro, founded in 2011 as the whiteboarding tool RealtimeBoard, grew from five million to about 30 million users between 2020 and 2022 and now reports more than four million paying users and 100 million total users. The company, which had about 1,200 employees in 2022, cut 119 staff in February 2023 and reportedly another 275 people in October 2024. The deal follows Bending Spoons' purchase of Airtable for $1.28 billion last month, as the acquirer targets large SaaS companies that were priced in 2021 as future software giants but matured into slower-growing businesses with substantial recurring revenue.

Impact on stocks 5

Cloud & Digital Infrastructure▲ · 5 stocks

Theme Impact 1

Off-coverage companies 3

Bending SpoonsPrivate▲ Positive
Capitalrelevance

Bending Spoons is the acquirer of Miro for $1.36B, continuing its strategy of buying large SaaS companies.

MiroPrivate± Mixed
Capitalrelevance

Miro is being acquired for $1.36B, a 92% drop from its 2022 valuation, though it is profitable with $600M ARR.

AirtablePrivate± Mixed
Capitalrelevance

Airtable is mentioned only as Bending Spoons' prior acquisition last month, providing context for the Miro deal.

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