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Bending Spoons Buys Airtable for $1.285B
4 Aug
Summary
- Bending Spoons agreed to purchase Airtable for $1.285 billion.
- Airtable's platform combines spreadsheet and database functions.
- The acquisition is Bending Spoons' first since its recent IPO.
Bending Spoons, an Italian technology firm, has announced its agreement to purchase the U.S. software company Airtable for $1.285 billion in an all-cash transaction. This significant acquisition represents Bending Spoons' inaugural purchase since its recent listing on the Nasdaq stock exchange.
Airtable, established in 2013, provides a versatile software platform that integrates spreadsheet and database functionalities. This allows businesses to develop applications and manage operational workflows without requiring extensive coding knowledge.
This move underscores Bending Spoons' aggressive expansion strategy, following recent acquisitions of internet brand AOL and ticketing platform Eventbrite. The transaction is anticipated to be finalized by the end of the year, contingent upon regulatory approvals and the satisfaction of closing conditions.
