Bending Spoons Acquires Airtable for $1.285 Billion
Bending Spoons, an Italian tech company, has agreed to buy Airtable, a pioneering data management platform, for $1.285 billion in an all-cash deal. The acquisition values Airtable at an enterprise value of $1.285 billion, with an equity value of approximately $2.25 billion. The deal is subject to regulatory clearances and is expected to close later this year.
Key points
- Bending Spoons, led by CEO Luca Ferrari, is acquiring Airtable, a data management platform used by over 500,000 organizations, including 80% of the Fortune 100.
- The acquisition values Airtable at an enterprise value of $1.285 billion, with an equity value of approximately $2.25 billion.
- The deal is an all-cash transaction and is subject to regulatory clearances, with a expected close date later this year.
- Bending Spoons has a history of acquiring and transforming digital businesses, with previous acquisitions including AOL and Eventbrite.
- Airtable's annual recurring revenue grew more than 20% over the year to approximately $480 million by June 2026.
Bending Spoons, an Italian tech company, has made a significant move in the tech industry by acquiring Airtable, a pioneering data management platform, for $1.285 billion.
The acquisition is an all-cash deal, valuing Airtable at an enterprise value of $1.285 billion, with an equity value of approximately $2.25 billion. The deal is subject to regulatory clearances and is expected to close later this year.
Bending Spoons, led by CEO Luca Ferrari, has a history of acquiring and transforming digital businesses. The company has previously acquired AOL and Eventbrite, and has a strategy of buying a digital business, transforming it deeply, squeezing more profit out of it, and reinvesting in the next deal.
Airtable, founded in 2013, is a popular platform used by over 500,000 organizations, including 80% of the Fortune 100. The platform blends a spreadsheet with a database, allowing teams to build apps without code. Airtable's annual recurring revenue grew more than 20% over the year to approximately $480 million by June 2026.
The acquisition of Airtable is a significant milestone for Bending Spoons, marking its first acquisition since listing on Nasdaq on July 1. The deal is expected to have a significant impact on the tech industry, with analysts and investors closely watching the developments.
Sources
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