Overview
- Bending Spoons announced a definitive agreement on Thursday to acquire Miro for $1.355 billion in enterprise value, which implies about $1.79 billion in equity value when Miro’s net cash is included.
- The transaction is all cash, was unanimously approved by both companies’ boards, and remains subject to customary regulatory approvals and closing conditions before the planned Q4 2026 close.
- Certain Miro shareholders have agreed to reinvest $295 million of their sale proceeds into newly issued Bending Spoons equity, reducing immediate cash outflow and aligning seller and acquirer incentives.
- Miro reported roughly $600 million in annual recurring revenue and nearly 4 million paying users, and Bending Spoons says it will invest in performance, reliability and functionality after the deal closes.
- The purchase follows Bending Spoons’ July IPO and last week’s acquisition of Airtable, illustrating the Milan‑based rollup’s strategy of buying established SaaS products at lower post‑pandemic multiples and operating them long term.