Bending Spoons has agreed to acquire Miro in an all-cash transaction, valuing the workplace-collaboration software company at an enterprise value of $1.355 billion, or about $1.36 billion. (Deal announcement)
The transaction would give Bending Spoons 100% of Miro’s outstanding shares. According to the deal announcement, Miro has about $600 million in annual recurring revenue, with nearly 90% coming from business and enterprise customers. The company serves more than 250,000 organizations and has roughly 4 million paid users. (Deal announcement)
Some Miro shareholders have agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity. The transaction has been unanimously approved by both companies’ boards and is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary closing conditions. (Deal announcement)
The agreement comes less than a week after Bending Spoons completed its acquisition of Airtable. Bending Spoons announced that deal in August at an enterprise value of $1.285 billion and completed it on September 4. (Bending Spoons) (Bending Spoons)
Miro would extend an acquisition strategy centered on established digital products. Bending Spoons says it acquires software businesses with the intention of owning and operating them for the long term rather than reselling them. Its portfolio already includes products such as Vimeo and Evernote. (Bending Spoons)
Reuters described the company’s approach as combining technology operations with a private-equity-style acquisition model, with Bending Spoons repeatedly buying established digital businesses and restructuring their operations. (Reuters)