Source: TechCrunch
Summary
Bending Spoons acquired Miro for $1.36 billion, marking a significant drop from Miro’s $17.5 billion valuation in late 2021. The deal was reported by TechCrunch. Miro, a visual workspace platform, will now be part of Bending Spoons, an Italian tech company. The acquisition comes as Miro’s valuation has declined sharply. The terms of the deal were not disclosed.
Our Reading
The launch follows a familiar script.
Miro sold for less than 10% of its peak valuation.
Bending Spoons buys a once-hot startup at a discount.
Collaboration tools keep getting shuffled between investors.
Valuations don’t last long in tech.
Author: Evan Null
