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Airtable's Value Plummets: Bending Spoons Acquires for $2.25B
4 Aug
Summary
- Airtable acquired by Bending Spoons for $2.25 billion equity value.
- Airtable's valuation significantly dropped from its 2021 peak.
- Bending Spoons owns digital properties including AOL and Vimeo.
Software firm Airtable has agreed to be acquired by app developer Bending Spoons SpA. The deal is valued at an equity worth of $2.25 billion.
This acquisition price signifies a considerable decrease from Airtable's peak valuation recorded in 2021.
Bending Spoons, which currently manages a portfolio of digital assets including AOL and Vimeo, made the announcement on Tuesday. The company anticipates finalizing the acquisition process.
The transaction underscores a notable adjustment in Airtable's market value since its earlier highs.
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