Bending Spoons to Acquire Miro for $1.355B in Latest Expansion
BSP sits 26% above its 52-week low of $30.11.
Summary
Bending Spoons has entered a definitive agreement to acquire Miro for $1.355 billion. The deal implies a $1.79 billion equity value with Miro's net cash. Certain Miro holders will invest $295 million of proceeds into newly issued Bending Spoons equity. This is the company's second major acquisition in recent months, following the $1.285 billion Airtable deal completed on September 4. The transaction expands Bending Spoons' portfolio of productivity and collaboration tools, adding Miro's visual collaboration platform. The deal size is material relative to the company's market cap and signals continued aggressive M&A strategy, with investors watching for financing details and integration plans, as the company recently secured €1.49 billion in credit facilities.
At the time of this announcement, BSP was trading at $38.06 on NASDAQ in the Technology sector, with a market capitalization of approximately $24B. The 52-week trading range was $30.11 to $58.94. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.