AcquisitionsAug 4, 2026, 06:22 AM
Bending Spoons to Acquire Airtable for $1.285B Enterprise Value
AI Summary
Bending Spoons S.p.A. announced that its wholly-owned subsidiary, Bending Spoons US Inc., has entered into a definitive agreement to acquire Airtable in an all-cash transaction. The deal values Airtable at an enterprise value of $1.285 billion, with an implied equity value of approximately $2.25 billion. Airtable's annual recurring revenue is reported at $480 million as of June 2026, growing over 20% year-over-year. The acquisition is subject to regulatory approvals and customary closing conditions, with an expected close later this year.
Key Highlights
- Bending Spoons US Inc. will acquire Formagrid Inc. (d/b/a Airtable).
- The all-cash transaction values Airtable at an enterprise value of $1.285 billion.
- Implied equity value is approximately $2.25 billion, including Airtable's net cash.
- Airtable's annual recurring revenue (ARR) is growing over 20% YoY to $480 million as of June 2026.
- The transaction is expected to close later this year, subject to regulatory approvals.
- This marks Bending Spoons' first acquisition since its Nasdaq listing on July 1, 2026.
Price Impact
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