Blab Tech
Bending Spoons to Acquire Miro for $1.355 Billion in All-Cash Deal
Milan‑based Bending Spoons is poised to acquire AI‑first collaboration platform Miro for $1.355 billion in an all‑cash transaction, a move that could reshape the enterprise collaboration market.
Under the definitive agreement, Bending Spoons will pay the full cash price and a group of Miro shareholders will use $295 million of the proceeds to purchase newly issued Bending Spoons shares, increasing the buyer’s stake in the combined entity. The deal is subject to customary closing conditions and regulatory approvals, with both parties expecting a final close in the fourth quarter of 2026.
Miro, founded fifteen years ago, has grown into an AI‑powered innovation workspace that serves more than 100 million users and 250,000 customers worldwide. The platform currently powers nearly 4 million paying accounts, including over 750 organizations that each generate more than $100,000 in annual recurring revenue. Miro’s ARR sits at roughly $600 million, the bulk of which comes from business and enterprise customers.
Bending Spoons has built a portfolio of digital businesses that already have product‑market fit. Recent acquisitions include Airtable, a cloud collaboration platform used by more than 500,000 organizations, and earlier holdings such as AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo, and WeTransfer. The company’s strategy is to acquire, transform, and retain these businesses for the long term, often applying deep operational changes and AI‑driven technology rewrites.
In a statement, Bending Spoons CEO Luca Ferrari described the deal as “a privilege and a responsibility,” noting plans to invest heavily in performance, reliability, and functionality that supports critical collaborative work. Miro co‑founder Andrey Khusid emphasized that the platform has become an “AI‑first workspace” and that partnering with Bending Spoons will help deliver on its vision.
Legal and financial advisers for the transaction include Latham & Watkins LLP for Bending Spoons, Goodwin Procter LLP for Miro, and financial advisors BNP Paribas, J.P. Morgan, and Morgan Stanley. Italian tax counsel McDermott Will & Schulte Studio Legale Associato is advising Bending Spoons.
The acquisition follows Bending Spoons’ recent completion of its $1.285 billion purchase of Airtable, further expanding its presence in the collaboration‑software market. The company’s IPO, which raised $1.68 billion at $29 per share, gave it a market capitalization of roughly $8 billion.
Miro’s product is positioned as an AI‑innovation workspace that integrates AI tools directly into a shared canvas, allowing teams to plan, co‑create, and deliver projects faster. The platform’s AI features include summarizing workshops, organizing ideas, and suggesting next actions, all designed to keep teams in the flow of work.
The transaction is expected to close in Q4 2026, pending regulatory approvals and other customary conditions. Until then, both companies will continue to operate independently.
Bending Spoons’ acquisition of Miro adds a high‑growth, AI‑centric product to its portfolio and expands its footprint in the enterprise collaboration space. The deal also signals the company’s continued focus on acquiring and scaling businesses that already demonstrate strong product‑market fit.
The combined company will be positioned to leverage Bending Spoons’ operational excellence and AI capabilities to further enhance Miro’s performance and reliability for its large enterprise customer base.
The transaction is subject to the usual regulatory and closing conditions, and the parties have not yet announced a definitive closing date. Investors and customers will watch for updates on the regulatory review and the final closing of the deal.
Under the definitive agreement, Bending Spoons will pay the full cash price and a group of Miro shareholders will use $295 million of the proceeds to purchase newly issued Bending Spoons shares, increasing the buyer’s stake in the combined entity. The deal is subject to customary closing conditions and regulatory approvals, with both parties expecting a final close in the fourth quarter of 2026.
Miro, founded fifteen years ago, has grown into an AI‑powered innovation workspace that serves more than 100 million users and 250,000 customers worldwide. The platform currently powers nearly 4 million paying accounts, including over 750 organizations that each generate more than $100,000 in annual recurring revenue. Miro’s ARR sits at roughly $600 million, the bulk of which comes from business and enterprise customers.
Bending Spoons has built a portfolio of digital businesses that already have product‑market fit. Recent acquisitions include Airtable, a cloud collaboration platform used by more than 500,000 organizations, and earlier holdings such as AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo, and WeTransfer. The company’s strategy is to acquire, transform, and retain these businesses for the long term, often applying deep operational changes and AI‑driven technology rewrites.
In a statement, Bending Spoons CEO Luca Ferrari described the deal as “a privilege and a responsibility,” noting plans to invest heavily in performance, reliability, and functionality that supports critical collaborative work. Miro co‑founder Andrey Khusid emphasized that the platform has become an “AI‑first workspace” and that partnering with Bending Spoons will help deliver on its vision.
Legal and financial advisers for the transaction include Latham & Watkins LLP for Bending Spoons, Goodwin Procter LLP for Miro, and financial advisors BNP Paribas, J.P. Morgan, and Morgan Stanley. Italian tax counsel McDermott Will & Schulte Studio Legale Associato is advising Bending Spoons.
The acquisition follows Bending Spoons’ recent completion of its $1.285 billion purchase of Airtable, further expanding its presence in the collaboration‑software market. The company’s IPO, which raised $1.68 billion at $29 per share, gave it a market capitalization of roughly $8 billion.
Miro’s product is positioned as an AI‑innovation workspace that integrates AI tools directly into a shared canvas, allowing teams to plan, co‑create, and deliver projects faster. The platform’s AI features include summarizing workshops, organizing ideas, and suggesting next actions, all designed to keep teams in the flow of work.
The transaction is expected to close in Q4 2026, pending regulatory approvals and other customary conditions. Until then, both companies will continue to operate independently.
Bending Spoons’ acquisition of Miro adds a high‑growth, AI‑centric product to its portfolio and expands its footprint in the enterprise collaboration space. The deal also signals the company’s continued focus on acquiring and scaling businesses that already demonstrate strong product‑market fit.
The combined company will be positioned to leverage Bending Spoons’ operational excellence and AI capabilities to further enhance Miro’s performance and reliability for its large enterprise customer base.
The transaction is subject to the usual regulatory and closing conditions, and the parties have not yet announced a definitive closing date. Investors and customers will watch for updates on the regulatory review and the final closing of the deal.
