Bending Spoons to buy Airtable for $1.28B
Bending Spoons has agreed to acquire the database startup Airtable for $1.28 billion in cash. This acquisition follows Bending Spoons' recent public listing and aligns with its strategy of acquiring and streamlining established tech companies.
Why it matters
The deal highlights the ongoing consolidation in the software sector and the shifting valuations of high-growth startups from the 2021 boom era.
In its first acquisition since going public last month, Bending Spoons on Tuesday said that it has agreed to buy spreadsheet and database startup Airtable for $1.28 billion in cash.
Founded in 2013, Airtable has so far raised over $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion .
With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said.
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