Bending Spoons to Acquire Miro in $1.36B Deal
Italian tech firm Bending Spoons is buying collaborative whiteboard platform Miro for $1.36 billion in a notable software acquisition.
Bending Spoons, the Milan-based software company known for snapping up digital tools and squeezing value out of them, has agreed to purchase Miro — the popular online collaborative whiteboard platform — for $1.36 billion. It's a hefty price tag that signals continued investor appetite for productivity and collaboration software even as the broader tech deal market remains choppy.
If you haven't used Miro, picture a giant digital canvas where remote teams brainstorm, map out projects, and run workshops together in real time. It became a go-to tool during the pandemic work-from-home boom and has held on to a solid user base since. For Bending Spoons, adding Miro fits a familiar playbook: acquire established software products with loyal users, then optimize operations to drive profitability.
Read more Aquarian's Brighthouse Financial Deal Hits Regulatory Snag →
Bending Spoons has been on something of a shopping spree in recent years, previously picking up apps like Evernote and WeTransfer. The company tends to move quickly after acquisitions — streamlining teams and refocusing products — so Miro users and employees will likely be watching closely to see what changes follow this deal closing.
From a deal-size perspective, $1.36 billion puts this firmly in the upper tier of recent private software buyouts. It also raises interesting questions about valuation in the collaboration-tools space, where competitors like Mural and Figma (itself the subject of a failed mega-acquisition) continue to vie for enterprise customers. Whether Bending Spoons can unlock more value from Miro than its previous backers remains the central question for the road ahead.
Continue reading at SeekingAlpha.
