Bending Spoons to Acquire Airtable for $1.285B in Definitive Deal
BSP sits 23% above its 52-week low of $30.11.
Summary
Bending Spoons has entered a definitive agreement to acquire Airtable for $1.285 billion. The transaction implies an equity value of around $2.25 billion and is expected to close later this year. This is a major strategic move for the recently public Italian tech company, adding a widely used no-code database platform to its portfolio. The deal follows Bending Spoons' July IPO, which raised $1.68 billion, and a recent €1.49 billion credit facility expansion — providing ample firepower. Airtable's recurring revenue base and enterprise customer relationships could accelerate Bending Spoons' growth and diversification beyond its existing app portfolio. Integration execution and retention of Airtable's user base will be key to realizing value.
At the time of this announcement, BSP was trading at $36.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $23B. The 52-week trading range was $30.11 to $43.98. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.