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Bending Spoons Agrees to Buy Airtable for $1.28 Billion in Cash
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DMR News
Bending Spoons has agreed to acquire spreadsheet and database software company Airtable for $1.285 billion in cash, marking its first purchase since listing on Nasdaq in July.
Net Cash Raises Airtable’s Implied Equity ValueBending Spoons said Airtable’s cash and cash-equivalent holdings increase its implied equity value to approximately $2.25 billion.
The $1.285 billion purchase figure represents the value of its operating business after accounting for that net cash position.
Bending Spoons Continues Acquisition StrategyBending Spoons completed its initial public offering on July 1, pricing its shares at $29.
The stock closed its first trading day at $40.50, giving the Milan-based company a market value of approximately $25.7 billion.