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Bending Spoons acquisition strategy and Berkshire investment

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2026-10-10 02:46 UTC → 2026-10-28 11:02 UTC · added removed

Bending Spoons software acquisition strategy and Berkshire investment

Bending Spoons, an Italian a Milan-based technology company, has expanded continues to expand its portfolio through the acquisition a strategic model of major acquiring and restructuring mature software platforms. businesses. In September 2026, the company agreed to acquire the workplace collaboration platform Miro for approximately $1.355 billion in enterprise value. This acquisition price represents value, a substantial significant decrease from Miro’s $17.5 billion valuation recorded in early 2022. The Miro deal This follows Bending Spoons’ recent the $1.285 billion acquisition of Airtable. The company utilizes a specific operational model to scale, targeting mature software businesses with declining valuations. By integrating these products into a shared technological platform and utilizing intensive AI, Bending Spoons aims to maximize profitability through cost optimization and restructuring. For instance, following its acquisition of Evernote, the company reduced that workforce from approximately 350 employees to around 20. Regarding the Miro transaction, the all-cash deal deal, which includes an equity investment of a $295 million equity investment from certain Miro shareholders into Bending Spoons. The acquisition, which shareholders, is expected to close in the fourth quarter of 2026 pending regulatory approvals, involves a platform that generates approximately $600 million in annual recurring revenue. Bending Spoons 2026. The company leverages intensive AI to optimize its operations, reportedly using it to write at least 90% of its code, design products, and manage recruitment. CEO Luca Ferrari stated has noted that the company intends AI-driven competition has contributed to “own and operate Miro for the long term,” with a focus on investments in performance, reliability, and functionality. Founded declining valuations in 2013, the Milan-based SaaS sector, creating strategic acquisition windows. Following its July 2026 Nasdaq listing, the firm has built identified over 1,000 potential targets. In October 2026, Berkshire Hathaway increased its stake in Bending Spoons through a $330 million private placement. This follows a $600 million investment during the company’s IPO, bringing Berkshire’s total investment to approximately $930 million and its total stake to 4%. Following the announcement, Bending Spoons’ stock rose by over 41%. The company’s diverse portfolio including includes WeTransfer, Vimeo, Eventbrite, Splice, and the AI-powered photography app Remini. Rather than developing new products from the ground up, the company focuses on purchasing established businesses to apply its internal engineering, data analysis, and payment systems to rewrite software Remini, Evernote, and optimize pricing. Financial data indicates rapid growth, with annual revenue rising from $387 million in 2023 to an estimated $1.31 billion in 2025. In July 2026, the company expanded its global presence by listing on the Nasdaq stock exchange in New York. AOL.

Versions

  1. 2026-10-28 11:02 UTC Bending Spoons acquisition strategy and Berkshire investment
  2. 2026-10-10 02:46 UTC Bending Spoons software acquisition strategy
  3. 2026-09-30 10:49 UTC Bending Spoons software acquisition strategy
  4. 2026-09-23 15:15 UTC Bending Spoons software acquisition strategy
  5. 2026-09-19 10:07 UTC Bending Spoons software acquisition strategy

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