Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
3 hours ago
- Bending Spoons agreed to acquire Airtable for $1.285 billion in an all-cash deal, marking its first acquisition since its Nasdaq IPO.
- Airtable offers a no-code platform combining spreadsheet and database capabilities for business applications.
- Bending Spoons has a strategy of acquiring and restructuring digital businesses, similar to private equity, and has previously bought AOL and Eventbrite this year.
- The transaction is expected to close by the end of the year, subject to regulatory approvals, with Airtable's net cash position implying an equity value of about $2.25 billion.