Milan-based technology conglomerate Bending Spoons just struck a €1.7 billion ($1.4 billion) all-cash deal to absorb Miro, the AI-powered collaboration workspace used by more than 250,000 organizations worldwide.
The boards of both companies unanimously approved the transaction, which remains subject to regulatory clearances and standard closing conditions. Once finalized, Bending Spoons takes full ownership of Miro’s issued and outstanding shares.
Miro generates roughly $600 million in annual recurring revenue, with nearly 90% originating from business and enterprise accounts. Nearly 4 million paying users rely on the platform, including over 750 customers contributing more than $100,000 each in yearly recurring revenue.
Luca Ferrari, CEO and co-founder of Bending Spoons, framed the acquisition as a long-term commitment rather than a quick flip. He pointed toward substantial post-close investment in performance, reliability, and the core functionality that supports critical collaborative work. His company has built a reputation for acquiring established but underperforming digital products, then applying AI-driven automation alongside aggressive cost and revenue optimization.
The deal continues a remarkable acquisition sprint. Bending Spoons has completed more than 50 purchases over the past several years, adding names like Evernote, WeTransfer, Vimeo, Eventbrite, AOL, Brightcove, and StreamYard to its portfolio. In August 2025, the firm raised north of €500 million in debt financing specifically to turbocharge its buying strategy. Weeks later came the €1.1 billion all-cash Vimeo acquisition. Earlier this year, Bending Spoons filed for a NASDAQ IPO.
Andrey Khusid, Miro’s CEO and co-founder, described the platform’s evolution from a simple team brainstorming tool fifteen years ago into an AI-first workspace where organizations run their most important operations. He expressed confidence that Bending Spoons’ backing would unlock the product’s best version yet.
Both companies will continue operating independently until the transaction closes, expected in the fourth quarter of 2026.
